BDO Unibank Inc. has raised P100 billion from its fifth peso-denominated Asean Sustainability Bonds issue amid strong investor appetite for green financing.
The offering was 20 times oversubscribed against the original P5-billion program, the bank said in a statement on Monday.
This prompted BDO to close the offer early on Jan. 16, ahead of the scheduled Jan. 19 end.
The latest issuance brought BDO’s total sustainability bond fundraising to P386.7 billion across five offerings since January 2022, underscoring its growing use of the domestic capital market to fund environmentally and socially aligned projects.
The bonds have a tenor of three years and carry a coupon rate of 5.7125 percent per annum. They were issued, settled and listed on Monday.
“The net proceeds are intended to support the bank’s lending activities and diversify funding sources and to finance and/or refinance eligible assets as defined in the bank’s Sustainable Finance Framework,” BDO said.
Standard Chartered Bank served as the sole arranger for the issuance. It also acted as a selling agent along with BDO. BDO Capital & Investment Corp. was the financial advisor.
BDO shares on Monday added 20 centavos, or 0.14 percent, to close at P138.20 each amid a 0.94-percent drop for the benchmark Philippine Stock Exchange index.
