BDO Unibank Inc., the country’s largest universal and commercial bank by assets, is looking to raise at least P5 billion through a new issuance of peso-denominated fixed-rate bonds to fund sustainability initiatives.
BDO said the proposed bonds would have a tenor of one-and-a-half years and pay a fixed coupon rate of 6.26 percent per annum.
The offer period will run from July 9 to 21 while issuance, settlement and listing of the bonds are scheduled on July 28.
Net proceeds are intended to finance or refinance eligible assets under its Sustainable Finance Framework, support lending activities and diversify its funding sources.
“This marks the bank’s second sustainability bond this year following a P100 billion issue in January 2026,” BDO told the stock exchange.
In total, the bank said it had raised P386.7 billion through five issuances since it launched its sustainability bond program in January 2022.
BDO said the Securities and Exchange Commission (SEC) had confirmed that the proposed issuance complied with Asean Sustainability Bond Standards and the regulator’s Asean Sustainability Bond Circular.
The latest offering requires a minimum investment amount of P500,000, with additional investments in increments of P100,000.
BDO noted that the securities were exempt from registration under Section 9.1(e) of the Securities Regulation Code and would be offered only during the stated offer period. The bank added that it reserved the right to amend the terms and timing of the issuance if necessary.
ING Bank N.V., Manila Branch is serving as sole arranger and sustainability coordinator for the transaction. BDO and ING are the selling agents, while BDO Capital & Investment Corp. is acting as financial adviser.
BDP shares on Thursday dropped P3.40, or 2.69 percent, to close at P123.00 each.
