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BDO Unibank Inc., the country’s largest lender, plans to raise fresh capital in the second half of the year through the issuance of fixed-rate peso bonds despite the high interest rate environment.
BDO said in a disclosure to the stock exchange Monday it would issue at least P5 billion worth of bonds as third tranche from the peso-denominated sustainability bond. The minimum investment amount is P500,000, with additional increments of P100,000 thereafter. The offer period will run from July 8 to 19, 2024, while the issue, settlement and listing date will be on July 24, 2024.
The Securities and Exchange Commission confirmed that the proposed issuance complies with the requirements set forth under the ASEAN Sustainability Bond Standards and the SEC ASEAN Sustainability Bond Circular.
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