THE Land Bank of the Philippines (LandBank) has pushed to 2027 its bond issuance to bag over P10 billion, the state-run lender’s top executive said.
On the sidelines of the ‘2026 Outstanding BSP Stakeholders Appreciation Ceremony,’ LandBank President and CEO Lynette V. Ortiz told reporters that the state-run bank will shelve its plan to issue bonds, opting instead to return to the debt market next year.
‘I think what we’re planning to do is, I mean, the rates are quite high. So we’re planning to likely do that next year,’ Ortiz said. ‘I mean the last issuance we raised P50 billion, right? But it all depends. So for it to be worth it, I would say probably over P10 billion.’
Last February 2026, the state-run bank raised P50 billion through its ‘Agriculture, Sustainability, Environment and Socioeconomic Development,’ or ‘Asenso,’ bonds, officially listed on the Philippine Dealing and Exchange Corp. (PDEx).
Proceeds from the sale of its debt papers will bankroll green and social projects nationwide, such as renewable energy, food security, housing, employment and socioeconomic empowerment.
With the success of the Asenso bonds, the state-run lender initially planned a follow-up issuance.
However, Ortiz said they have become ‘cautious.’
‘I think there are still a lot of headwinds; as you saw our GDP [gross domestic product] growth,’ she added.
‘So we’re doing what we can within the factors and macroeconomic environment that we’re dealing with. I’d say that I think it’s really all about efficient balance sheet management; also managing our risk very cautiously, very well,’ Ortiz told reporters.
A month ago, Ortiz said while the bank is keen to go back to the market, she said ‘it will all have to be timed with general macro-environment, investor sentiment.’
‘We will go back. It’s just timing,’ she said in July.