BDO raises P52.7B in new funds

By Mayvelin U. Caraballo

Jan 29, 2022 12:18 am

LISTED BDO Unibank Inc. announced it was able to raise P52.7 billion in new funds by issuing fixed-rate Asean Sustainability Bonds.

With significant demand from individual and institutional investors, the Sy-led lender said in a statement that the proceeds of the bond, which was issued under its P365-billion bond program, is more than 10 times the original offer of P5 billion.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

REITs seen outpacing property developers

Manila Water contracts with preferred supplier

Service revenues buoy Globe profit to P24.3B

Century Properties starts P1.2-B midrise devt

Del Monte Pacific sells Del Monte India stake

EEI divests from crane rental firm

SM Prime to spend P33B for expansion