BDO raises P40.1 billion in peso bond sale

SY-LED BDO Unibank successfully raised P40.1 billion of fixed rate bonds, or eight times the original offer of P5 billion on robust demand from retail and institutional investors. The one-week offer period ended last Jan. 24, 2020, with issue date set on Feb. 3, 2020.

The bonds will have a tenor of 2.5 years with a yield of 4.408 percent per annum. Interest will be paid quarterly, calculated on a 30/360 count basis.

The bond issuance is part of BDO’s continuing efforts to diversify its funding sources and support its lending activities, and follows the P35 billion of fixed rate bonds issued in February last year.

The Hong Kong and Shanghai Banking Corporation Ltd. (HSBC) was the sole lead arranger for the issue, while BDO Unibank, BDO Private Bank Inc. and HSBC were the selling agents. (PR)