BDO Unibank, Inc. Raises PHP 40.1 Billion in Fixed Rate Peso Bonds
January 28, 2020
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BDO Unibank, Inc. (BDO) successfully raised PHP 40.1 billion of fixed rate bonds, or eight times the original offer of PHP 5.0 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 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 PHP 35 billion of fixed rate bonds issued in February last year.
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. 
