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Tuesday, July 7, 2020

BDO issues USD 600 million Senior Notes



BDO Unibank, Inc. (BDO) announced its issuance of USD 600 million in Fixed Rate Senior Notes under the Bank’s Medium Term Note (“MTN”) Program last July 6. The transaction was oversubscribed, with orders reaching USD 2.9 billion, equivalent to almost 5 times the offered amount.

The issue has a coupon rate of 2.125 per cent per annum and a tenor of 5 & 1/2 years. The bonds were rated “Baa2” by Moody’s.  

The Senior Note issue is part of the Bank’s liability management initiatives to tap longer-term funding sources to support dollar-denominated projects. 

Standard Chartered Bank acted as sole global coordinator, while Standard Chartered Bank and Merrill Lynch (Singapore) Pte. Ltd acted as joint bookrunners and joint lead managers for the transaction



2 comments:

  1. BDO is always find ways to help others 😊❤❤❤

    ReplyDelete
  2. Wow good job BDO! Your tag line proves that you'll always find a way to help others. 😊

    ReplyDelete

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