BDO to issue $89.2m in fixed-rate sustainability bonds

It has a tenor of 1.5% years and a coupon rate of 6.025% per annum.

BDO Unibank is issuing peso-denominated fixed-rate sustainability bonds with a minimum issue size of PHP5b ($89.2m).

It has a tenor of 1.5 years and a coupon rate of 6.025% per annum. The minimum investment amount is PHP500,000 (approximately $8,920), with increments of PHP100,000 ($1,764) after.

BDO said that it will use the net proceeds to diversify its funding sources, and finance or refinance eligible assets as defined in the bank’s sustainable finance framework.

ALSO READ: BDO Unibank partners with Hyakujushi Bank

The offer period will run from 9 January to 22 January 2024, whilst the issue, settlement, and listing date will be on 29 January 2024.

Standard Chartered Bank serves as the sole arranger of the issuance, with BDO and SCB as selling agents, and BDO Capital & Investment Corporation as the financial advisor.

(US$1 = PHP56.05)