The move, completed on May 9, comes about 18 months after the cap was previously raised to P50 billion in October 2023.
Originally launched in 2019 at P39 billion, the bond program has steadily expanded as UnionBank scales its financing options.
The bank now has the flexibility to issue bonds, potentially over several stages, depending on market conditions and funding needs.
This gives UnionBank a bigger war chest as it navigates expansion, digital investments, and regulatory capital requirements.
