BDO Unibank plans peso-denominated two-year sustainability bonds

Chicago, Dec. 20 – Philippines’ BDO Unibank, Inc. is planning to sell an issue of at least PHP 5 billion fixed-rate sustainability bonds with a two-year tenor, according to an announcement.

The bonds are the third issue off of BDO’s PHP 365 billion bond program.

The bonds will be sold to both institutional and retail investors, the first sustainability bond by the bank to be distributed through both of those channels.

Proceeds are to be used to diversify the bank’s funding sources and to finance and/or refinance eligible assets as defined in the bank’s sustainable finance framework.

BDO issued a $150 million green bond in 2017 with International Finance Corp. as the only investor, the bank noted.

The bond qualifies as an Asean sustainability bond.

The offer period will be from Jan. 10 to Jan. 21.

The bonds will settle and be listed on Jan. 28.

Standard Chartered Bank is the arranger.

The selling agents are BDO Unibank, Inc., BDO Private Bank, Inc. and Standard Chartered Bank.

BDO Capital & Investment Corp. is the financial adviser.

BDO Unibank is a full-service universal bank based in Makati City, Philippines.

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