BDO Unibank Inc. has raised P132 billion from its sixth peso-denominated Asean Sustainability Bonds offering, with strong investor demand pushing subscriptions to more than 26 times the initial offer size.
The bank said on Tuesday that the original offering of P5 billion drew strong interest from both retail and institutional investors, prompting the early closing of the offer period on July 10.
The sustainability bonds carry a tenor of one and a half years and a fixed coupon rate of 6.26 percent per annum and were settled and listed on July 28.
Net proceeds will be used to finance or refinance eligible assets under the bank’s Sustainable Finance Framework, support its lending activities and diversify its funding sources.
The latest issuance marks the bank's sixth peso-denominated Asean sustainability bond offering to bankroll its continuing sustainable financing initiatives.
ING Bank N.V., Manila Branch served as the sole arranger and sustainability coordinator for the transaction. BDO and ING acted as the selling agents, while BDO Capital & Investment Corp. served as the financial advisor.
While the final list of eligible projects for financing was not disclosed, BDO assured these projects would be aligned with its Sustainable Finance Framework.
A member of the Sy family-led SM Group, BDO is the country's largest bank in terms of total assets, loans, deposits and trust funds under management based on published financial statements as of March 31, 2026.
It operates nearly 2,000 consolidated branches and has more than 7,700 automated teller machines nationwide, with 15 international offices across Asia, Europe, North America and the Middle East.
BDO shares on Tuesday rose P1.80, or 1.44 percent, to close at P127.00 each, outperforming the broader market as the benchmark Philippine Stock Exchange index finished down 0.17 percent.
