The dual-tranche offer, consisting of 3-year and 5-year fixed-rate bonds, may be upsized depending on investor demand.
“This bond issuance reflects PNB’s commitment to responsible banking and sustainable growth,” said PNB president and CEO Edwin Bautista.
“By channeling funds toward eligible green and social projects under our Sustainability Financing Framework, we aim to create long-term value for our stakeholders while contributing to the country’s sustainable development goals,” he added.
Proceeds will finance or refinance eligible green and social projects under the bank’s Sustainability Financing Framework, aligned with ASEAN Sustainability Bond Standards.
The public offer period will run from Nov. 26 to Dec. 2, with listing on the Philippine Dealing and Exchange Corp. expected on Dec. 11, 2025.
PNB Capital, ING Bank Manila, and Standard Chartered Bank will serve as joint lead arrangers and bookrunners, and all three will act as selling agents.
—Edited by Miguel R. Camus
