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UnionBank raising PIOB

Manila Bulletin

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June 5, 2025

Aboitiz-led Union Bank of the Philippines (UnionBank) has kicked off its P10-billion 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.

- BY JAMES A. LOYOLA

UnionBank raising  PIOB

The bonds will be issued under UnionBank’s Philippine peso bond program with an increased bond limit of up to P100 billion, as approved by its board of directors on Feb. 28, 2025.

The bonds will be offered with a minimum aggregate principal amount of P5 billion per tranche, with an oversubscription option.

The 1.5-year series H bonds and three-year series I bonds have interest rates of 5.88 percent per annum and 6.02 percent per annum, respectively. The bonds have a minimum investment amount of P100,000 each, with subsequent investments in multiples of P50,000.

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