BDO Unibank, Inc. is tapping the debt market anew with the issuance of P5 billion worth of fixed rate bonds as part of continuing efforts to diversify its funding sources and support its lending activities.
This forms part of the P100 billion bond program approved by BDO’s board in August 2018. It also follows the P35 billion fixed rate bond issuance in February 2019.
The bonds with a tenor of 2.5 years will be priced at 4.408 per cent per annum. Interest will be paid quarterly. The minimum investment is P100,000 with increments of P50,000.
The offer kicked off today and will run until Jan. 24.
Hong Kong and Shanghai Banking Corp. Ltd. is the sole lead arranger and bookrunner for the issue, while BDO Unibank, BDO Private Bank and HSBC are the selling agents.
BDO has more than 1,400 operating branches and over 4,400 ATMs nationwide. It also has full-service branches in Hong Kong and Singapore as well as 20 overseas remittance and representative offices in Asia, Europe, North America and the Middle East.
The Sy-owned bank is the largest bank in terms of total assets, loans, deposits and trust funds under management.
