BDO Unibank talks dollar-denominated benchmark at 235 bps area

By Marisa Wong

Los Angeles, July 6 – Philippines’ BDO Unibank, Inc. announced initial price guidance for its planned benchmark-sized offering of dollar-denominated senior fixed-rate notes (expected: Baa2).

The 5˝-year notes were talked at Treasuries plus 235 basis points area. Actual pricing is expected as early as Monday, the company said.

Standard Chartered Bank and BofA Securities are the joint lead managers and joint bookrunners.

The Regulation S notes will be issued as a drawdown under the Makati City, Philippines-based bank’s $5 billion euro medium-term note program.

Proceeds will be used for general corporate purposes.

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