After P115-B record sale, BDO returns with fifth ASEAN bond offer

January 7, 2026
9:40AM PHT
Nestor Tan 
BDO president, CEO 

BDO Unibank, the country’s largest private lender by assets, is tapping the bond market again with its fifth peso-denominated ASEAN Sustainability Bond, months after completing a record P115-billion bond sale in July last year.

The new offer has a minimum size of P5 billion, although this is typically increased once buyer orders arrive. 

What’s on offer

The three-year bonds pay 5.7125 percent a year and will be used to fund or refinance loans under BDO’s Sustainable Finance Framework.

The public offer runs from Jan. 7-19, 2026, with issuance and listing set for Jan. 26 this year. 

The Securities and Exchange Commission confirmed the bonds meet ASEAN Sustainability Bond Standards, clearing them for sale to the public.

Why it matters

The issuance comes as investors remain tilted toward bonds over equities following a weak stock market backdrop.

BDO’s July 2025 record sale already eclipsed projected equity fund-raising for the year, highlighting how dominant the bond market has become.

—Edited by Miguel R. Camus 

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