BDO Lists PhP 36 Billion Fixed Rate Bonds on PDExPosted on: July 3, 2020
3 July 2020, Makati, Philippines — BDO Unibank, Inc. (BDO) lists its PHP 36 billion Series 2 Tranche 1 Bonds Due 2022 on the Philippine Dealing & Exchange Corp. (PDEx). The bonds were seven (7) times oversubscribed from the original offer size of Php 5 billion, on robust demand from individual and institutional investors. The bonds were exclusively offered through BDO Trust & Investments Group and BDO Private Bank’s Wealth Advisory & Trust Group.
The Bonds have a tenor of 1.75 years and a coupon rate of 3.125%, with interest to be paid on a quarterly basis. The latest bond issuance is part of BDO’s continuing efforts to diversify its funding sources and support its lending activities.
The Sole Lead Arranger and Market Marker of the issuance is Standard Chartered Bank, with BDO and BDO Private Bank, Inc. acting as the Selling Agents.
This 17th listing for 2020 brings the year-to-date total of new listings to PHP 211.50 Billion, pushing the total level of tradable corporate debt instruments to PHP 1.45 Trillion issued by 56 companies, comprised of 199 securities.