BDO shortens bond offer period amid strong demand

BDO Unibank Inc. has closed the offer period for its fourth Peso-denominated ASEAN Sustainability Bonds ahead of schedule due to overwhelming investor demand.

Originally set from July 9 to 22, 2025, the offer period was shortened and officially closed on July 14, 2025, according to the bank’s disclosure.

The early closure reflects robust interest from both retail and institutional investors seeking sustainable investment opportunities with competitive returns.

BDO’s latest ASEAN Sustainability Bonds carry a tenor of 1.5 years and offer a coupon rate of 5.875% per annum.

The issue, settlement, and listing date is scheduled for July 29, 2025.

“The strong reception from the market highlights investor confidence in BDO’s sustainability initiatives and financial strength,” the bank said in its statement.

The proceeds from the bond issuance will be used to finance or refinance eligible assets under BDO’s Sustainable Finance Framework, which supports lending activities with positive environmental and social impact.

These may include projects in renewable energy, energy efficiency, green buildings, clean transportation, and access to essential services like healthcare and education.

In line with international best practices, the framework aligns with the ASEAN Green, Social, and Sustainability Bond Standards and the International Capital Market Association’s principles.

ING Bank N.V., Manila Branch served as the Sole Arranger and Sustainability Coordinator for the issuance.

BDO Unibank Inc. and ING acted as Selling Agents, while BDO Capital & Investment Corporation served as Financial Advisor.

The bank’s decision to tap the sustainable finance market is part of its broader commitment to responsible banking and climate resilience.

This marks BDO’s fourth issuance of ASEAN Sustainability Bonds, reinforcing its role as a leading private financial institution in the Philippines’ growing sustainable finance ecosystem.