BDO UNIBANK, Inc. (BDO), one of the leading banks in the Philippines, has successfully completed its second offering of Association of Southeast Asian Nations (ASEAN) sustainability bonds, raising an impressive amount of P63.3 billion. This figure significantly surpasses the initial offer size of P5 billion and even exceeds the P52.7 billion that was raised during BDO’s first ASEAN sustainability bonds offering in January 2022.
The remarkable success of this latest fundraising effort highlights BDO’s strong position in the market and showcases investors’ confidence in the bank’s sustainability initiatives. The significant oversubscription for the ASEAN sustainability bonds demonstrates BDO’s ability to attract a considerable amount of capital from both local and foreign investors.
Sustainability bonds have gained substantial popularity in recent years as more organizations seek funding for projects that prioritize environmental and social considerations. BDO’s commitment to sustainability is evident through its decision to tap into this growing market and issue ASEAN sustainability bonds.
The proceeds from this offering will be utilized by BDO to finance eligible projects that align with the ASEAN Sustainability Bond Standards. These standards aim to promote sustainable development within the region by supporting projects related to climate change adaptation, renewable energy, and social infrastructure, among others.
By raising a staggering P63.3 billion, BDO can significantly contribute to sustainable initiatives that will have a positive impact on the environment and society. This will allow the bank to strengthen its position as a responsible financial institution that actively supports the transition to a more sustainable future.
BDO’s dedication to sustainability extends beyond its fundraising efforts. The bank has implemented various environmentally-friendly policies and initiatives, including the promotion of renewable energy usage, reduction of greenhouse gas emissions, and support for sustainable agriculture practices.
Moreover, BDO has been a strong advocate for financial inclusion, striving to provide accessible banking services to underserved communities. Through its sustainable initiatives, the bank seeks to address social issues and foster economic growth, ensuring that the benefits of development are distributed equitably.
The success of BDO’s second offering of ASEAN sustainability bonds not only demonstrates the bank’s financial strength but also its commitment to driving positive change. By channeling substantial funds towards sustainable projects, BDO is making a significant contribution to the realization of a more sustainable and inclusive future for the ASEAN region.
In conclusion, BDO UNIBANK, Inc. has raised an impressive P63.3 billion from its second offering of ASEAN sustainability bonds, surpassing expectations and reaffirming its position as a leading player in the market. This achievement showcases the strong investor confidence in BDO’s sustainability initiatives and highlights the bank’s commitment to driving positive change in both environmental and social aspects. The funds raised will support eligible projects that align with the ASEAN Sustainability Bond Standards, furthering the bank’s dedication to sustainable development. With its ongoing efforts, BDO continues to lead by example and contribute significantly to a more sustainable and inclusive ASEAN region.
