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Keisha Ta-Asan - The Philippine Star
February 19, 2026 | 12:00am
The bonds were listed on the Philippine Dealing and Exchange Corp. on Feb. 16, allowing investors to trade the securities in the secondary market and providing liquidity ahead of maturity.
LANDBANK image / Released
MANILA, Philippines — State-run Land Bank of the Philippines has raised P50 billion from its Agriculture, Sustainability, Environment and Socioeconomic Development (ASENSO) bonds, following strong demand that prompted an early close of the offer.
The bonds were listed on the Philippine Dealing and Exchange Corp. on Feb. 16, allowing investors to trade the securities in the secondary market and providing liquidity ahead of maturity.
Proceeds from the issuance will finance projects aimed at uplifting communities, expanding economic opportunities and advancing sustainable and inclusive growth.
The offering drew orders more than 10 times the P5-billion minimum, surpassing the bank’s P30-billion target and eventually reaching P50 billion amid strong participation from both retail and institutional investors.
The issuance also marked the country’s first corporate bond offer made available for direct in-app purchase through the Landbank mobile banking app, with a minimum investment of P10,000.
“Beyond the scale of capital raised, this issuance stands out for its inclusivity and innovation,” Landbank president and CEO Lynette Ortiz said.
“For the first time, corporate bonds were made accessible for direct purchase through a mobile banking application. This is finance with purpose. This is capital aligned with national progress. And for Landbank, this is only the beginning.”
The ASENSO bonds recorded the highest retail participation in the bank’s history, with 16,914 investors subscribing through the mobile app, branches and authorized selling agents.
Of these, over 7,000 transactions across the 1.5-year and three-year tenors were completed via the mobile banking app.
The ASENSO bonds were issued under Landbank’s Sustainable Finance Framework, which has been recognized by Moody’s for adhering to global standards for sustainability bonds.
