Metro Manila, Philippines – BDO Unibank, Inc. said it has shortened the offer period for its sixth peso-denominated ASEAN Sustainability Bonds issue.
Originally set to run from July 9 to 21, the bank decided to close the offer period early, on July 10, following strong demand from both retail and institutional investors.
The latest ASEAN Sustainability Bonds have a tenor of 1.5 years and bear a coupon rate of 6.26 percent per annum. The issue, settlement, and listing date will be on July 28.
The net proceeds of the issuance are intended to finance and/or refinance eligible assets as defined in the bank’s sustainable finance framework, support the bank’s lending activities, and diversify the bank’s funding sources.
ING Bank N.V., Manila branch, is the sole arranger and sustainability coordinator of this issuance, with BDO and ING as selling agents and BDO Capital & Investment Corporation as financial advisor.
