BDO Unibank, Inc. (the “Bank”) plans to issue Peso-denominated Fixed-Rate Sustainability Bonds with a minimum aggregate issue size of PHP5 Billion as its third issuance off its PHP365 billion Bond Programme. The net proceeds of the issue are intended to be used to diversify the Bank’s funding sources, and finance and/or refinance eligible assets as defined in the Bank’s Sustainable Finance Framework. This is the first time that the Bank will be issuing a Peso-denominated Sustainability Bond to both institutional and retail investors. The Bank had previously issued a USD150 million green bond in 2017, with the International Finance Corporation (IFC) as the sole investor. The Securities and Exchange Commission (SEC) earlier confirmed the qualification of the issue as an ASEAN Sustainability Bond, having complied with requirements under the ASEAN Sustainability Bond Standards and the SEC ASEAN Sustainability Bond Circular.
The proposed issuance has an indicative tenor of two (2) years and a minimum investment amount of PHP500,000, with additional increments of PHP100,000 thereafter. The offer period will be from January 10 to 21, 2022, while the issue, settlement, and listing date will be on January 28, 2022.
The Bank reserves the right to update the terms and the timing of the issuance (as appropriate).
Standard Chartered Bank is the Sole Arranger of the proposed issuance, while BDO Unibank, Inc, BDO Private Bank, Inc., and Standard Chartered Bank are the Selling Agents of the proposed issuance. BDO Capital & Investment Corporation is the Financial Advisor of the proposed issuance.