PROJECT

Projects

Summary of Investment Information

Project Number

50545

Company Name

UNION BANK OF THE PHILIPPINES

Date SPI Disclosed

Jul 15, 2026

Country

Philippines

Region

East Asia and the Pacific

Projected Board Date

Oct 6, 2025

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Jul 16, 2026

Department

CF4E1 - Regional Industry - FIG Asia & Pac/FIG South East Asia & Pacific

Industry

Financial Markets

Sector

Commercial Banking - General

Project Description

The proposed investment is IFC’s subscription of up to US$200 million or its equivalent in PHP in a sustainability bond with a tenor of 5 years to be issued by Union Bank of the Philippines (UBP or the Bank) to support the Bank's growth of its eligible green and social assets (the Project). The issuance will be UBP’s first sustainability bond, which will adhere to ICMA’s Sustainability Bond Principles. The proposed investment is part of IFC’s broader programmatic approach in the Philippines to deepen capital markets for sustainability-related thematic bonds, building on the country's successful development of a green bond market where IFC played a catalytic role.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation