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Writer's pictureBy The Financial District
Nov 22, 20231 min read

UnionBank Initiates Bond Offering From ₱50 Billion Program

Union Bank of the Philippines has commenced the public offering of fixed-rate bonds from its P50 billion bond program.


The bank is offering 1.5-year Senior Fixed Rate Series F Bonds due 2025 and 3-year Senior Fixed Rate Series G Bonds due 2026. I Photo: UnionBank of the Philippines (The ARK by UnionBank)



The bank is offering 1.5-year Senior Fixed Rate Series F Bonds due 2025 and 3-year Senior Fixed Rate Series G Bonds due 2026. The New Bonds have interest rates of 6.5625% per annum and 6.6800% per annum, respectively.


The public offer period is from Nov. 20, 2023, to Nov. 29, 2023.


All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

Concurrently, UnionBank has extended the option for holders of its P8.12 billion 2.750% Fixed Rate Series C Bonds due Dec. 9, 2023, to exchange them for subscription to the New Bonds.


The Bond Exchange period is from Nov. 20, 2023, to Nov. 24, 2023, with the New Bonds intended to be issued, settled, and listed on PDEx on Dec. 5, 2023.




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