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BDO Raises P40.1 Bn in Fixed Rate Peso Bonds

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BDO Unibank, Inc (BDO) successfully raised P40.1 billion of fixed rate bonds, or eight (8) times the original offer of P5.0 billion on robust demand from retail and institutional investors. The one-week offer period ended last January 24, 2020, with issue date set on February 3, 2020.

The bonds will have a tenor of 2.5 years with a yield of 4.408 per cent per annum. Interest will be paid quarterly, calculated on a 30/360 count basis.

The bond issuance is part of BDO’s continuing efforts to diversify its funding sources and support its lending activities, and follows the P35 billion of fixed rate bonds issued in February last year.

The Hong Kong and Shanghai Banking Corporation Limited (“HSBC”) was the Sole Lead Arranger for the issue, while BDO Unibank, Inc., BDO Private Bank, Inc., and HSBC were the Selling Agents.

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