BDO defies Philippines CDS with tight bond

The Philippine lender returns to dollar bonds after five years off, telling FinanceAsia it wants to get ahead of the US rate hike.
October 18, 2016

After ICTSI closed a tender offer and new bond last week, the Philippine company's CFO told FinanceAsia that a major driver of the deal was his fear that US interest rates were on their way up. Philippine lender BDO Unibank came out with its own bond this week — and the bank's treasurer admitted the same consideration drove the timing of the deal.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Related Articles