Union Bank of the Philippines (UnionBank) has commenced a public offering of fixed-rate bonds, part of its P50 billion bond program, presenting 1.5-year Senior Fixed Rate Series F Bonds due 2025 and 3-year Senior Fixed Rate Series G Bonds due 2026
The interest rates will be 6.5625 percent and 6.6800 percent per annum, respectively.
The offer period extends from Nov. 20 to Nov. 29, 2023, and UnionBank has provided an option for holders of its existing P8.12 billion Fixed Rate Series C Bonds to exchange them for the newly offered bonds.
The New Bonds are scheduled to be issued, settled, and listed on the Philippine Dealing & Exchange Corporation (PDEx) on December 5, 2023, with ING Bank N.V., Manila Branch, and Standard Chartered Bank serving as Joint Lead Arrangers and Bookrunners.
