BDO announces Peso Bond program

By Joann Villanueva

September 3, 2018, 7:08 pm

MANILA -- Sy-led BDO Unibank Inc. on Monday announced the establishment of a Peso Bond Program that will have as much as PHP100 billion in funding.

In a disclosure with the Philippine Stock Exchange, the bank said the bond program was approved by the bank’s Board of Directors during its meeting on August 31, 2018. It, however, did not elaborate on the program.

Asked for more details, BDO investor relations and corporate planning head Luis S. Reyes Jr. did not give any specifics. “While the program has been established, there is no definite timetable yet for an issuance under the approved peso bond program,” he said.

Domestic banks remain active in issuing securities to take advantage of the high liquidity situation in the country to fund their expansion and other programs. (PNA)