BDO plans issuance of ASEAN Sustainability Bonds to be issued off its P365B Bond program

·1 min read

BDO Unibank Inc. plans to issue Peso-denominated Fixed-Rate Sustainability Bonds with a minimum aggregate issue size of P5 billion as its third issuance off its P365 billion bond program.

The net proceeds of the issue are intended to be used to diversify the bank’s funding sources, and finance and/or refinance eligible assets as defined in the bank’s sustainable finance framework.

This is the first time that the bank will be issuing a Peso-denominated Sustainability Bond to both institutional and retail investors.

The proposed issuance has an indicative tenor of two years and a minimum investment amount of P500,000, with additional increments of P100,000 thereafter.

The offer period will be from January 10 to 21, 2022, while the issue, settlement, and listing date will be on January 28, 2022. (PR)

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