BDO Unibank, Inc. Announces Issue of Fixed Rate Bonds
July 02, 2020 at 09:20 pm EDT
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BDO Unibank, Inc. announced that it has issued PHP 36.0 billion in fixed rate bonds, or more than seven times the original offer of PHP 5.0 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% 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 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 Unibank, Inc. is a Philippines-based universal bank. The Company's segments include commercial banking, investment banking, private banking, leasing and financing, insurance, and others. The commercial banking segment includes lending (corporate and consumer), trade financing and cash management services for corporate and retail customers. The investment banking segment provides services to corporate clients outside the traditional loan and deposit products. The private banking segment provides traditional and non-traditional investment and structured products to high-net-worth individuals and institutional accounts. The leasing and financing segment provides direct leases, sale and leaseback arrangements and real estate leases. The insurance segment is engaged in insurance brokerage and life insurance business by providing protection, education, savings, retirement and estate planning solutions to individual and corporate clients through life insurance products and services.
BDO UNIBANK, INC. 
