BDO Unibank, Inc. (BDO) announced an issuance of P5 billion worth of fixed rate bonds, which is a component of the P100 billion bond program approved by the Board of BDO in August 2018. This follows the P35 billion Fixed Rate Bond issuance in February 2019, and is part of the bank’s continuing efforts to diversify its funding sources and support its lending activities.

The bonds will have a tenor of 2.5 years and will be priced at 4.408 per cent. Interest will be paid quarterly, calculated on a 30/360 count basis. The minimum investment is P100,000 with increments of P50,000.

The offer period will run from January 20 up to January 24, 2020, with the issue date targeted for February 3, 2020. However, the bank reserves the right to adjust the timing of the offer as needed.

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