BDO Unibank, Inc. (BDO) announced its pricing of USD500 million 5-year Fixed Rate Senior Notes (the “Senior Notes”) under the Bank’s Medium Term Note (“MTN”) Program. The transaction was more than 3.2 times oversubscribed, with orders reaching approximately USD1.6 billion.
The Senior Notes will have a coupon rate of 4.375 percent per annum. The Senior Notes are expected to be rated “Baa2” by Moody’s. Settlement is expected on December 3, 2025.
The Senior Notes issue is part of BDO’s liability management initiatives to tap longer term funding sources to support BDO’s lending operations and for general corporate purposes.
Standard Chartered Bank acted as sole global coordinator, while Standard Chartered Bank, MUFG, and Wells Fargo Securities acted as joint bookrunners and joint lead managers for the transaction.
