The Sy family-led banking giant BDO Unibank, the country's biggest private lender, has closed its latest peso-denominated ASEAN Sustainability Bond offer on July 14, well ahead of the original July 22 deadline. Issuers typically cut short the offer window when demand from bond buyers runs high.
“The bank decided to close the offer period early, on July 14, 2025, following strong demand from both retail and institutional investors,” BDO said in a statement.
BDO was targeting at least P5 billion from the offering, though previous issues have seen final volumes multiply due to investor interest.
The bonds carry a 1.5-year tenor and a fixed annual coupon of 5.875 percent. Issuance, settlement, and listing are all scheduled for July 29.
Proceeds will be used to fund eligible green and social projects under BDO’s Sustainable Finance Framework and to diversify the bank’s funding sources.
ING Bank N.V. Manila Branch acted as sole arranger and sustainability coordinator. BDO and ING served as selling agents, while BDO Capital & Investment Corp. was financial advisor.
Miguel R. Camus has been a reporter covering various domestic business topics since 2009.
