BDO Unibank, Inc. (BDO) disclosed that it has shortened the offer period for its third Peso-denominated ASEAN Sustainability Bond issue. Originally set to run from July 8 to 19,2024, the Bank decided to close the offer period early, on July 16, 2024, following strong demand from both retail and institutional investors. The latest ASEAN Sustainability Bonds have a tenor of one-and-a-half (1.5) years and bear a coupon rate of 6.325% per annum. The issue, settlement, and listing date will be on July 24, 2024.
The net proceeds of the issuance are intended to finance and/or refinance eligible assets as defined in the Bank's Sustainable Finance Framework and diversify the Bank's funding sources. ING Bank NV., Manila Branch (ING) was the Sole Arranger, while BOO Unibank, Inc. and ING were the Selling Agents. BOO Capital & Investment Corporation was the Financial Advisor. BDO is a full-service universal bank which provides a wide range of corporate and retail services such as loan and deposit products, treasury, trust banking, investment banking, private banking, rural banking and microfinance, cash management, leasing and finance, remittance, life insurance, property & casualty insurance brokerage, cash cards, credit cards, and online and non-online stock brokerage services. BDO has the country's largest distribution network, with over 1,700 consolidated operating branches and more than 5,500 teller machines nationwide. It also has 16 international offices (including full-service branches in Hong Kong and Singapore) in Asia, Europe, North America and the Middle East. The Bank also offers digital banking solutions to make banking easier, faster, and more secure for its clients. BDO ranked as the largest bank in terms of total assets, loans, deposits and trust funds under management based on published statements of condition as of March 31, 2024.
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