BDO Unibank, Inc. (BDO) succesfully concluded its offer of P5 billion worth of Long Term Negotiable Certificates of time Deposit (LTNCDs) on Wednesday, 6 March 2013, after an offer period of only 3 days. BDO closed the offer period early due to oversubscription from retail and institutional investors.
 

The LTNCDs will mature five-and-a-half (5½) years after issue date and will have a coupon of 3.80 percent p.a Interest will be paid quarterly and will be tax-exempt for individual investors who hold the LTNCDs for at least five years. The settlement date is on 25 March 2013.
 

The LTNCDs will support the Bank's Medium-term growth objectives and help lengthen the maturity profile of its funding sources.
 

ING Bank N,V., Manila Branch (ING) and standard Chartered Bank (SCB) acted as the joint Lead Arrangers and Selling Agents for the LTNCDs, While BDO and BDO Private Bank were the other Selling Agents.

About BDO

BDO is a full-service universal bank that provides a wide range of corporate, commercial and retail banking sevices. These services include loan and deposit products, treasury, trust banking, investment banking, private banking, cash management, leasing and finance, remitance, insurance, retail, cash cards and credit cards services.
 

BDO has one of the largest distribution networks, with more than 760 operating branches and over 1,900 ATMs nationwide. It also has a branch in Hong Kong as well as 15 overseas remittance and representative officers in Asia, Europe, North America and the Middle East.
 

BDO ranked as the largest bank in terms of total assets, loans, deposits, capital and trust funds under management based on published statements of condition as of 31 December 2012. For more information, please visit www.bdo.com.ph.