MANILA, Philippines — BDO Unibank, Inc. is planning to issue US dollar denominated fixed rate senior notes which will be sold through a bookbuilding process to both international and local investors under the Reg S format.

In a disclosure to the Philippine Stock Exchange, the bank said these senior notes will represent direct, unsecured obligations of BDO. Proceeds of the Senior Notes will be used by the bank for general funding and re-lending purposes.

UBS will act as Sole Bookrunner and Joint Lead Manager for the issue, with BDO Capital & Investment Corporation as Joint Lead Manager.

Last October, BDO successfully issued P6.5 billion worth Peso-denominated Unsecured Subordinated Notes qualifying as Tier 2 (T2) capital.

BDO upsized the issue from the original P3 billion offer size and shortened the offering period due to oversubscription from retail and institutional investors.

The T2 Notes were priced at 6.375 percent per annum and will have a maturity of 10 years and 3 months from issue date, with a call option exercisable by the Bank after 5 years and one day, subject to prior approval of the Bangko Sentral ng Pilipinas.

This was BDO’s second successful issuance of T2 Notes in 2011, completing the bank’s P15 billion T2 program approved by the BSP. The T2 Notes supplemented the Bank’s capital position and supported its business expansion plans.

Deutsche Bank AG, Manila Branch, and The Hong kong and Shanghai Banking Corporation Limited acted as Joint Lead Arrangers and Selling Agents for the transaction. Standard Chartered Bank, BDO Private Bank, Inc. and Multinational Investment Bancorporation also acted as selling agents for the issue.