Union Bank of the Philippines (UnionBank) announced the completion of the update to its PHP Bonds Program, increasing the total size to One Hundred Billion Pesos (PHP100.0 Billion). This significant upsize was approved by the Bank’s Board of Directors on February 28, 2025.
The Bank’s PHP Bonds Program was initially established on April 26, 2019, with a size of Thirty-Nine Billion Pesos (PHP39.0 Billion) and was subsequently increased to Fifty Billion Pesos (PHP50.0 Billion) on October 25, 2023.
With this updated and expanded PHP Bonds Program, Union Bank may, from time to time, offer, issue, and sell the remaining balance of unissued and non-outstanding unsecured and unsubordinated PHP Bonds. The specific details regarding each issuance or tranche, including the form, amount, tenor, number of tranches, interest rate, and other terms and conditions, will be determined and disclosed by the Bank at the appropriate time.
This upsize reflects Union Bank’s proactive approach to capital management and its commitment to providing diverse investment opportunities in the Philippine market. The increased program size allows the Bank greater flexibility to tap the local debt market as needed to support its strategic initiatives and growth objectives.
Union Bank of the Philippines (UnionBank) is a publicly listed universal bank in the Philippines. Committed to innovation and customer-centricity, UnionBank continues to be a leader in leveraging technology to deliver superior banking experiences and contribute to the financial inclusion of Filipinos.
