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BDO to issue P35-B bonds, biggest single peso issue by PH lender
BDO to issue P35-B bonds, biggest single peso issue by PH lender
ABS-CBN News
Published Feb 04, 2019 01:55 PM PHT
A BDO Unibank sign is shown in this file photo. The Philippines' largest lender will issue on Feb. 11, 2019 P35 billion in fixed rate peso bonds. Mark Demayo/ABS-CBN News
MANILA -- BDO Unibank said Monday it raised P35 billion from fixed rate bonds, which it said was the largest single peso debt issue by a Philippine lender.
The bonds, which will be issued on Feb. 11, will be used for expansion and to diversify BDO's funding sources, the country's largest lender told the stock exchange.
Next week's issue is part of a P100-billion bond program that was approved by the BDO board in August last year, the bank said. The bonds have a tenor of 1.5 years with a coupon rate of 6.42 percent.as the selling agents.
Shares of BDO were down 1.14 percent to P138.50 at noon Monday.
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