BDO raises $500M from offshore bond market
MANILA, Philippines — BDO Unibank Inc., the country’s largest lender, has raised $500 million from the sale of five-year fixed-rate senior notes to global investors.
The program, under its medium term note program, saw strong traction from investors as it was oversubscribed by 3.2 times, with orders hitting about $1.6 billion.
READ: BDO prepares for offshore bond market comeback
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The coupon rate is set at 4.375 percent a year. The settlement is targeted for Dec. 3.
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READ: BDO delivers record P63B profit in January to September
The Sy family-led bank said the fresh funds would back BDO’s growing lending business. /dda
READ: BDO on track to post another banner year this 2025
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