LANDBANK has raised P50 billion through its Agriculture, Sustainability, Environment and Socioeconomic Development (Asenso) Bonds, officially listed on the Philippine Dealing and Exchange Corp. (PDEx) on Feb. 16.

LandBank President and CEO Lynette Ortiz, Securities and Exchange Commission Chairman Francis Edralin Lim, and PDEx President Stephanie Marie Zulueta led the listing event, marking the Bonds’ entry into the secondary market and offering investors liquidity before maturity.

Demand surged more than tenfold past the P5-billion minimum, exceeding the P30-billion target and prompting an early close. The offering was also the first in the country to allow direct in-app corporate bond purchases via the LandBank Mobile Banking App, with a P10,000 minimum, widening retail access.

Ortiz emphasized that the issuance stands out for “inclusivity and innovation,” noting that mobile-based access aligns capital with national development.

The Asenso Bonds achieved LandBank’s highest retail participation, with 16,914 investors subscribing through the MBA, branches and selling agents. Investor Jenie Aesquivel cited the app’s seamless process and strong yields as key factors.

Issued under LandBank’s Sustainable Finance Framework, the bonds will support renewable energy, food security, affordable housing, employment and social empowerment — advancing inclusive, climate-resilient growth.