Sustainability Bonds with a minimum aggregate issue size of PHP5 Billion as its third issuance off its PHP365 billion Bond Programme. The net proceeds of the issue are intended to be used to diversify the Bank’s funding sources, and finance and/or refinance eligible assets as defined in the Bank’s Sustainable Finance Framework. This is the first time that the Bank will be issuing a Peso-denominated Sustainability Bond to both institutional and retail investors. The Bank had previously issued a USD150 million green bond in 2017, with the International Finance Corporation (IFC) as the sole investor. The Securities and Exchange Commission (SEC) earlier confirmed the qualification of the issue as an ASEAN Sustainability Bond, having complied with requirements under the ASEAN Sustainability Bond Standards and the SEC ASEAN. 

Sustainability Bond Circular.

The proposed issuance has an indicative tenor of two (2) years and a minimum investment amount of PHP500,000, with additional increments of PHP100,000 thereafter. The offer period will be from January 10 to 21, 2022, while the issue, settlement, and listing date will be on January 28, 2022.

The Bank reserves the right to update the terms and the timing of the issuance (as

appropriate). Standard Chartered Bank is the Sole Arranger of the proposed issuance, while BDO Unibank, Inc, BDO Private Bank, Inc., and Standard Chartered Bank are the Selling Agents of the proposed issuance. BDO Capital & Investment Corporation is the Financial Advisor of the proposed issuance. 

THE BONDS ARE SECURITIES EXEMPT FROM REGISTRATION UNDER SECTION 9.1(e) OF THE SECURITIES REGULATION CODE (“SRC”) AND AS SUCH WILL NOT BE REGISTERED UNDER THE SRC. THE FOREGOING IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE, AND SHOULD NOT BE CONSTRUED AS, AN OFFER OR SOLICITATION OF ANY OFFER TO INVEST IN THE BONDS NOR AN OBLIGATION ON THE PART OF BDO TO ISSUE THE BONDS OR THE ARRANGER AND SELLING AGENTS TO ACCEPT ANY OFFER. THE ABOVE INFORMATION DOES NOT PURPORT TO BE COMPLETE OR EXHAUSTIVE. PROSPECTIVE INVESTORS SHOULD READ THE OFFERING CIRCULAR FOR THE OFFER IN ITS ENTIRETY. THE BONDS WILL ONLY BE SOLD DURING THE OFFER PERIOD STATED ABOVE. CONFIDENTIAL

About BDO

BDO is a full-service universal bank which provides a wide range of corporate and retail banking services. These services include traditional loan and deposit products, as well as treasury, trust and investments, investment banking, private banking, rural banking, cash management, leasing and finance, remittance, insurance, retail cash cards, credit card services and stock brokerage services.

BDO has one of the largest distribution networks, with more than 1,500 operating branches and over

4,400 ATMs nationwide. It also has full-service branches in Hong Kong and Singapore as well as 15

overseas remittance and representative offices in Asia, Europe, North America and the Middle East.

BDO ranked as the largest bank in terms of total resources, customer loans, deposits, capital and trust

assets based on published statements of condition as of 30 September 2021. For more information,

please visit www.bdo.com.ph.