BDO Unibank Inc. released fixed-rate bonds worth P5-billion on Monday as part of the company’s efforts to diversify funding sources and boost its lending sources.
The Sy-led lender said the issuance would have a tenor of 2,5 years, priced at 4,408 per cent. The interest is due on a quarterly basis, based on a count of 30/360.
The offer period began on Monday 20 January and will run until Friday 24 January 2020 with a minimum investment of P100,000 with increments of P50,000.
The latest issue is part of the P100-billion bond program approved by the Board in August 2018, which follows the fixed-rate bond issue of P35-billion in February last year.
As the Sole Lead Arranger and Bookrunner for the issue, BDO tapped Hong Kong and Shanghai Banking Corporation Limited (HSBC).
Meanwhile, the selling agents for the offer are BDO Unibank Inc., BDO Private Bank Inc. and HSBC.
BDO offers leasing and finance, investment banking, private banking, banking, insurance, insurance brokering, and stock brokerage services through its subsidiaries.