LIFESTYLE BLOG

BDO Unibank Inc Raises Php40.1B in Fixed Rate Bonds

This page may contain compensated links, meaning that we receive a monetary commission (at no extra costs to you) if you make a purchase via one of these links.


BDO Unibank Inc (BDO) successfully raised Php40.1 billion of fixed rate bonds, or eight (8) times the original offer of P5.0 billion on robust demand from retail and institutional investors. A fixed rate bond is a type of debt instrument bond with a fixed coupon (interest) rate. The bond issuance is part of BDO’s continuing efforts to diversify its funding sources and support its lending activities, and follows the P35 billion of fixed rate bonds issued in February last year.

BDO Unibank The one-week offer period ended last January 24, 2020, with issue date set on February 3, 2020 with a minimum investment of P100,00 with increments of Php50,000. BDO said the bonds will have a tenor of 2.5 years with a yield of 4.408 per cent per annum. Interest will be paid quarterly, calculated on a 30/360 count basis.

The bank tapped the Hong Kong and Shanghai Banking Corporation Limited (“HSBC”) as the Sole Lead Arranger and bookrunner for the issue. BDO Unibank Inc, BDO Private Bank Inc, and HSBC were the Selling Agents.


Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Liked this article? Share it!
Share on facebook
Share on twitter
Share on linkedin

Related Article

subscribe

Want the latest blog sent to your email?

Subscribe to The City Roamer newsletter. Don’t worry, we hate spam too.

Positive SSL