STATE-RUN Land Bank of the Philippines (LandBank) could postpone plans of returning to the domestic debt market to next year or until economic and market conditions improve.
“We are keen to go back to the market,” Land Bank President and CEO Lynette Ortiz told reporters last week.
“But it’ll all have to be timed with just the [right] macro environment, investor sentiment. But we are keen. We will go back; it’s just timing.”
The bank earlier this year raised P50 billion under its Agriculture, Sustainability, Environment, and Socioeconomic Development (Asenso) bond program. Strong demand helped the bank exceed the original P30-billion target, prompting an early close of the offer period.
“It’s going to be likely next year,” Ortiz said, referring to a second bond offering under the program. “We’re not going to do it this year.”
LandBank operates a P200-billion bond program dedicated to issuing Asean Sustainability Bonds, under which it launched the Asenso Bonds to fund agriculture, renewable energy and socioeconomic programs.
It ranks as the country’s third-largest bank, with total assets in excess of P3.4 trillion as of end-March 2026 based on the latest Bangko Sentral ng Pilipinas data.
