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| BDO issues USD 600 million Senior Notes |
The issue has a coupon rate of 2.125 percent per annum and a tenor of 5 & 1/2 years. The bonds were rated “Baa2” by Moody’s.
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The Senior Note issue is part of the Bank’s liability management initiatives to tap longer-term funding sources to support dollar-denominated projects.
Standard Chartered Bank acted as sole global coordinator, while Standard Chartered Bank and Merrill Lynch (Singapore) Pte. Ltd acted as joint book-runners and joint lead managers for the transaction.