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UnionBank looks to raise at least P10B from dual-tenor bond offer
Business World Philippines
|June 05, 2025
UNION BANK of the Philippines, Inc. (UnionBank) is looking to raise at least P10 billion from its dual-tenor bond offer, eyeing P5 billion from each tranche.
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The listed bank on Wednesday began its public offering of 1.5-year senior fixed-rate Series H bonds due 2026 and three-year senior fixed-rate Series I bonds due 2028, it said in a disclosure to the stock exchange.
The offer is set to run until June 19, unless ended earlier by the bank. The papers are set to be issued, settled, and listed on the Philippine Dealing and Exchange Corp. on June 26.
“The bonds will be offered with a minimum aggregate principal amount of P5 billion per tranche, with an oversubscription option,” UnionBank said.
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