This is BDO’s third ASEAN sustainability bond issuance. In January, the banking giant successfully raised P63.3 billion, marking the largest corporate bond sale in the country’s history.
The new ASEAN sustainability bonds will pay a 6.325 percent annual interest rate with a tenor of 1.5 years, in view of potential interest rate cuts later this year.
Proceeds will finance or refinance eligible assets under BDO’s Sustainable Finance Framework, diversifying the bank’s funding sources, the bank said.
The successful issuance was supported by ING Bank N.V., Manila Branch, acting as the sole arranger and sustainability coordinator, BDO Unibank, Inc. and ING also served as the selling agents, with BDO Capital & Investment Corp. acting as the financial advisor.
