BDO issues ₧36B in fixed-rate peso bonds

BDO Unibank Inc. (BDO) successfully issued on Friday (July 3) P36.0 billion in fixed-rate bonds, or more than seven 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 percent 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, while BDO Unibank Inc. and BDO Private Bank Inc. were the Selling Agents.

BDO ranked as the largest bank in terms of total assets, loans, deposits and trust funds under management based on published statements of condition as of March 31, 2020.

BDO is a full-service universal bank which provides a wide range of corporate and retail banking services.

It has one of the largest distribution networks, with more than 1,400 operating branches and over 4,400 ATMS nationwide.

It also has full-service branches in Hong Kong and Singapore, as well as 15 overseas remittance and representative offices in Asia, Europe, North America and the Middle East.