SY-LED BDO Unibank, Inc. (BDO) on Wednesday cut short the offer period for its P5 billion Asean Sustainability Bond amid strong demand from both retail and institutional investors.
SY-LED BDO Unibank, Inc. on Wednesday cut short the offer period for its P5 billion Asean Sustainability Bond amid strong demand from both retail and institutional investors.'Originally set to run from July 8 to 19, 2024, the bank decided to close the offer period early, on July 16, 2024, following strong demand from both retail and institutional investors,' BDO said in a filing.
'The net proceeds of the issuance are intended to finance and/or refinance eligible assets as defined in the bank's sustainable finance framework and diversify the bank's funding sources,' BDO said.BDO did not disclose the amount raised from the offering but said it would make the announcement on July 24, including the issue date as well as the date of settlement and listing.ING Bank N.V. Manila branch was tapped as the sole arranger of the offer, while BDO Unibank Inc.
Offer Cut Short Amid Strong Demand
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