Makati–(PHStocks)–BDO Unibank Inc. (PSE: BDO) successfully priced a $300 million 5-year Fixed Rate Senior Notes due 2017 yesterday, 7 February. The Senior Notes will have a coupon of 4.5% and a yield of 4.625% per annum.
“We are delighted with the outcome. The orders for our issue built up rapidly and we decided to close the books early and to take advantage of the interest our issue generated, given the volatility of current markets,” said Pedro M. Florescio III, EVP & Treasurer of BDO.
Proceeds of the Senior Notes are intended to support the Bank’s business expansion plans and re-lending activities. UBS acted as Sole Bookrunner for the issue while BDO Capital & Investment Corp. was the Joint Lead Manager.