BDO Raises ₱115 Billion In ASEAN Bonds

BDO Unibank, Inc. successfully raised PHP115 billion for its fourth peso-denominated ASEAN Sustainability Bond issuance—23 times oversubscribed from the original offer of PHP5 billion.

Net proceeds from the issuance will be used to finance and/or refinance eligible assets under the Bank’s Sustainable Finance Framework, support lending activities, and diversify funding sources. (Photo: BDO Unibank)

The public offering was originally scheduled from July 9 to 22, 2025, but strong participation from both retail and institutional investors prompted an early close on July 14, just four days after the launch.

The latest ASEAN Sustainability Bond has a tenor of 1.5 years and carries a coupon rate of 5.875% per annum. The issue, settlement, and listing date is set for July 29, 2025.

Net proceeds from the issuance will be used to finance and/or refinance eligible assets under the Bank’s Sustainable Finance Framework, support lending activities, and diversify funding sources.

ING Bank N.V., Manila Branch acted as Sole Arranger and Sustainability Coordinator. BDO Unibank, Inc. and ING were the Selling Agents, with BDO Capital & Investment Corporation serving as Financial Advisor.