MANILA — The Land Bank of the Philippines (LANDBANK) is set to raise at least P5 billion through a sustainability bond issuance aimed at funding projects that promote environmental sustainability and community development nationwide.

The bonds, officially known as Agriculture, Sustainability, Environment and Socioeconomic Development (ASENSO) Bonds, are part of LANDBANK’s broader sustainable finance strategy to mobilize funding for priority development sectors.

The Philippine peso-denominated, fixed-rate ASEAN Sustainability Bonds will be offered with tenors of 1.5 years and three years, providing investors with fixed-income investment options while supporting projects with environmental and social benefits.

The ASENSO Bonds offering was first announced to Qualified Institutional Buyers on January 12, 2026, and will be available to the public from January 28 to February 6, 2026 through the LANDBANK Mobile Banking App. The minimum investment is set at P10,000, in increments of P10,000. The bonds are expected to be listed on the Philippine Dealing & Exchange Corp. on February 16, 2026.

Interest on the bonds will be paid quarterly starting from the issue date and will be subject to final withholding tax. China Bank Capital Corporation serves as the sole issue manager, while LANDBANK and Chinabank Capital will act as selling agents.

Proceeds from the bond issuance will be allocated exclusively to eligible green projects such as renewable energy, energy efficiency, green buildings, clean transport, sustainable water management, and pollution prevention. Funds will also support social projects, including food security, affordable housing, health, education, access to essential services, employment generation, and broader socioeconomic development.

“The ASENSO Bonds offer investors a unique opportunity to earn competitive, fixed returns while contributing to meaningful projects that benefit communities and the environment,” LANDBANK President and CEO Lynette V. Ortiz said. “With rising demand for sustainable investments, there is no better time to invest in initiatives that generate positive social and environmental impact while supporting long-term national growth.”

LANDBANK said the issuance aligns with its Sustainable Finance Framework and complies with the ASEAN Sustainability Bond Standards, as confirmed by the Securities and Exchange Commission. The bank was also recognized by the Bangko Sentral ng Pilipinas as one of the first mover banks in promoting sustainable finance.

In 2020, LANDBANK launched its first sustainability bond offering, raising P5 billion after receiving total bids of P16.6 billion, more than five times its initial target.