Sy-blings' BDO gets resounding vote of confidence from investors, raises record P52.7B from first green bond
Money

Sy-blings’ BDO gets resounding vote of confidence from investors, raises record P52.7B from first green bond

BDO Unibank Inc., the banking arm of the ultra bilyonaryo Sy family, raised a record P52.7 billion from its maiden green bond offering.

The amount raised from the issuance of peso-denominated sustainability bonds was more than 10 times the original offer size of P5 billion. The two-year bonds have a fixed rate of 2.9 percent per annum.

“This is a new milestone for the bank as it exceeds its previous record of P40.1 billion for a single bond issuance, and by far the largest issuance for any Philippine financial institution or company,” BDO said in a disclosure to the Philippine Stock Exchange (PSE).

Proceeds from the offering will be used to diversify BDO’s funding sources as well as and finance/refinance eligible assets under the bank’s Sustainable Finance Framework.

| RELATED STORIES:

Jollibee, DENR victimized! Hacker in BDO ‘Nagoyo’ hack gets victims’ data for P30K

Natumbok din! 2 Nigerians, 5 Pinoys nabbed over BDO ‘Nagoyo’ scam

2 top BDO execs unload P6.5M as stock nears 52-week high

Sy-blings reaffirm commitment to sustainability with BDO’s P5 billion green bond offer

Standard Chartered Bank was the sole arranger, while BDO Unibank, BDO Private Bank Inc. and Standard Chartered Bank were the selling agents. BDO Capital & Investment Corp. acted as financial advisor.

The latest fund raising activity represented the third tranche of BDO’s P365-billion bond program.

 

Leave a Comment

12 − 12 =

This site uses Akismet to reduce spam. Learn how your comment data is processed.