BDO raises PHP 115B via sustainability bonds, eyes more green energy deals
- July 30, 2025
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BDO Unibank Inc. has raised PHP 115 billion from its fourth peso-denominated ASEAN Sustainability Bond offering, 23 times more than its original target of PHP 5 billion.
The public offer was scheduled to run from July 9 to 22, 2025, but strong demand from both retail and institutional investors led to an early close on July 14, just four days after opening.
According to BDO’s July 29 SEC disclosure, the net proceeds will be used “to finance and/or refinance eligible assets as defined in the bank’s Sustainable Finance Framework, support the bank’s lending activities, and diversify the bank’s funding sources.”
BDOs Sustainable Finance Framework is a comprehensive, board-approved structure that guides the bank’s financing of projects with significant environmental, social, and governance (ESG) benefits, aligning with its sustainability philosophy and the United Nations Sustainable Development Goals (SDGs).
ING Bank N.V., Manila Branch served as the Sole Arranger and Sustainability Coordinator. BDO Unibank and ING acted as Selling Agents, with BDO Capital & Investment Corporation as Financial Advisor.
The fundraising builds on BDO’s growing role in clean energy financing. As of July 2025, the bank has channeled over PHP 1 trillion into sustainable projects. This includes financing San Miguel Global Power’s 1,000 MWh battery energy storage system spanning 32 sites; supporting the development of Citicore Solar Batangas 1, a 197 MWp agro-solar hybrid project; and leading a PHP 150 billion deal for MTerra Solar’s 3,500 MWp solar and 4,500 MWh battery storage project in Nueva Ecija and Bulacan.
What are your thoughts on the role of private banks like BDO in scaling clean energy finance in the Philippines? We’d like to hear from you.
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