PROJECT

Projects

Summary of Investment Information

Project Number

40419

Company Name

BDO UNIBANK, INC.

Date SPI Disclosed

Dec 8, 2017

Country

Philippines

Region

East Asia and the Pacific

Projected Board Date

Nov 1, 2017

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Feb 22, 2018

Department

Regional Industry - FIG Asia & Pac

Industry

Financial Markets

Previous Events

Approved : Nov 9, 2017
Signed : Dec 8, 2017
Invested : Feb 20, 2018

Sector

Commercial Banking - General

Project Description

International Finance Corporation (“IFC”) is considering an investment in a green bond of up to US$150 million to be issued by BDO Unibank, Inc. (“BDO” or the “Bank”). Through the investment, IFC will support BDO in raising long term funding for BDO’s lending program to qualifying green projects in the Philippines (the “Project”).

Associated Advisory Engagement

BDO has been partnering with IFC to promote climate friendly technology in the country through the sustainable energy efficiency finance advisory since 2010.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation