Land Bank of the Philippines (LANDBANK) has raised the minimum target for its dual-tenure sustainability bond offering to P30 billion from the initial P5 billion, as investor interest in green and social finance continues to grow, the state-run lender said on Wednesday.
The bonds, branded as Agriculture, Sustainability, Environment and Socioeconomic Development (ASENSO) bonds, are peso-denominated and fixed-rate, with tenors of 1.5 and three years.
The public offering period runs from January 28 to February 26 through the Landbank Mobile Banking App, and the notes are scheduled to be listed on the Philippine Dealing and Exchange Corp. on February 16.
Investors can participate with a minimum investment of P10,000 in increments of P10,000. Interest will be paid quarterly, subject to final withholding tax.
The state lender said the proceeds will be specifically allocated to projects with environmental and social impact, including renewable energy, energy efficiency, green buildings, clean transportation, sustainable water management, pollution prevention, food security, affordable housing, health, education, access to essential services, employment generation and broader socioeconomic development.
China Bank Capital Corp. acts as the sole issue manager, while Landbank and ChinaBank Capital act as sales agents.
The offering marks Landbank's return to the domestic bond market since November 2020, when it raised P5 billion through a two-year ASEAN Stability Bond at an interest rate of 2.5872% per annum.
Meanwhile, LANDBANK has partnered with the Social Security System (SSS) to launch a microloan facility through the bank's mobile platform.
The SSS Loan Lite program allows members to apply for loans digitally through the Landsbank app, with automated eligibility checks, streamlined processing and fast credit of proceeds.
“This new product is clearly something that is going to be a game changer,” Lynette V. Ortiz, Landbank's president and CEO, said in a separate statement. “We are really looking forward to bringing forward all our digital solutions to make loans and credit facilities available in a more accessible, efficient way.”
The program, scheduled for launch in the first half, will allow members without Landbank accounts to open an account seamlessly. Loan repayment can be done through automatic debit or other convenient channels, backed by strong audit, security and data privacy measures.
The Landbank will also provide regular electronic reports to the SSS for monitoring and compliance.
Landbank's digital initiatives have driven significant growth. Digital transactions grew 51% to 550.73 million by September 2025, with a total value of P3.14 trillion.
Net income for the first nine months of 2025 increased 41.8% year-on-year to P35.64 billion, reflecting the bank's expanded core operations. – AMCS