BDO SUCCESSFULLY ISSUES P36B IN FIXED RATE BONDS
BDO Unibank today successfully issued P36.0 billion in fixed rate bonds, or more than seven (7) times the original offer of P5.0 billion, on robust demand from individual and institutional investors.
The bonds were exclusively offered through BDO Trust & Investments Group and BDO Private Bank Trust.
The bonds have a tenor of 1.75 years and a coupon rate of 3.125 per cent per annum. Interest will be paid quarterly, calculated on a 30/360 count basis.
The offer period started on June 15, 2020 and ended on June 26, 2020. The latest bond issuance is part of BDO’s continuing efforts to diversify its funding sources and support its lending activities. The Standard Chartered Bank (“SCB”) was the Sole Lead Arranger and Market Maker for the issue.