By Christine Van Dusen
Atlanta, Feb. 7 - Philippines-based BDO Unibank Inc. priced a $300 million issue of 4½% notes due Feb. 16, 2017 (Ba2) at 99.448 to yield 4 5/8%, a market source said.
The notes priced in line with talk, set at the 4 5/8% area.
UBS was the bookrunner for the Regulation S deal.
Proceeds will be used for general banking and relending purposes.
BDO Unibank is a lender based in Makati, the Philippines.
| Issuer: | BDO Unibank Inc.
|
| Amount: | $300 million
|
| Maturity: | Feb. 16, 2017
|
| Description: | Senior notes
|
| Bookrunner: | UBS
|
| Coupon: | 4½%
|
| Price: | 99.448
|
| Yield: | 4 5/8%
|
| Trade date: | Feb. 7
|
| Settlement date: | Feb. 16
|
| Rating: | Moody's: Ba2
|
| Distribution: | Regulation S
|
| Price talk: | 4 5/8% area
|
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