International Finance Corporation (“IFC”) is investing in a green bond of up to US$150 million to be issued by BDO Unibank, Inc. (“BDO”). 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 total project cost is estimated at US$150 million. The proposed IFC investment consists of USD150 million USD-denominated bond to be issued by BDO. The proceeds from the bond will be used to support the Bank’s lending program to climate smart projects including renewable energy (RE), energy efficiency (EE), and green buildings.
BDO was incorporated in the Philippines in 1967 and is listed on the Philippines Stock Exchange. The Bank provides a wide range of banking and financial products and services, including commercial and retail banking, consumer banking, investment banking, private banking, leasing and financing. BDO is the largest bank in the Philippines in terms of asset size and equity. The major shareholder of the Bank is SM Investments Corporation (SMIC) with a 40.09% shareholding. SMIC is a listed company with major interests in property, retail and financial services. As of June 30, 2017, 44.95% of BDO are held by the public.
BDO Unibank, Inc.
Luis S. Reyes, Jr.
Senior Vice President, Investor Relations and Corporate Planning
4th Floor, South Tower, BDO Corporate Center, 7899 Makati Avenue, Makati City 0726
ACCOUNTABILITY MECHANISM OF IFC
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/