On 10th, BDO Unibank, the largest commercial bank in the Philippines, announced the launch of its 5 billions peso (about 11.3 billions yen) “Association of Southeast Asian Nations (ASEAN) Sustainability Bonds”. The offering period ends on the 21st, and the issue, settlement, and listing are scheduled for the 28th. This is the third installment of a 365 billions peso bond issuance plan. The funds raised will be used for new loans and refinancing to companies that are deemed to be highly sustainable. The aim is to diversify funding sources and build a framework for sustainable financing. The maturity will be two years and the annual interest rate will be 2.9%. Interest will be calculated every 30 days and paid quarterly. The minimum purchase unit will be 500,000 peso, and the loan will be accepted in units of 100,000 peso. Standard Chartered Bank (UK) will act as the manager.