MANILA, Philippines - BDO Unibank Inc. has launched an offering of up to P10 billion worth of peso-denominated Tier 2 notes, its first under the Basel III regime. The issue will supplement BDO’s current capital position in further support of lending growth. The issue will have a maturity of 10 years and a quarter, with an optional redemption exercisable by BDO after five years and a quarter. The indicative yield ranges from five - 5.375 percent, with the final rate to be announced by the end of the offer period. The minimum investment amount is P500,000 with increments of P100,000. The offer period will run from Nov. 17 - 28. BDO however reserves the right to shorten the offer period as needed. The transaction will have Deutsche Bank AG Manila branch, The Hongkong and Shanghai Banking Corporation, and Standard Chartered Bank as joint lead arrangers and selling agents. The other selling agents are BDO and Multinational Investment Bancorporation.