BDO Unibank : Stock Rights Offering

C00048-2017 SECURITIES AND EXCHANGE COMMISSION SEC FORM 17-C CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

   Jan 4, 2017

2. SEC Identification Number

   34001

3. BIR Tax Identification No.

   000-708-174-000

4. Exact name of issuer as specified in its charter

   BDO Unibank, Inc.

5. Province, country or other jurisdiction of incorporation

   Metro Manila

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

   BDO Corporate Center, 7899 Makati Ave., Makati City

   Postal Code

   0726

8. Issuer's telephone number, including area code

   [phone]/702-6000

9. Former name or former address, if changed since last report

   --

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class

Common Preferred

Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding

3,649,452,038

515,000,000

11. Indicate the item numbers reported herein

Item 9 - Other Events

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Subject of the Disclosure

Stock Rights Offering

BDO Unibank, Inc. BDO

PSE Disclosure Form 4-14 - Stock Rights Offering References: SRC Rule 17 (SEC Form 17-C) and Section 4.4 of the Revised Disclosure Rules

Background/Description of the Disclosure

Ladies and Gentlemen:

Please be informed that the Board of Directors of the

Philippine Stock Exchange ("PSE"), during its meeting on 14 December 2016, approved the Bank's program to raise up to PHP 60 billion (approximately USD1.2 billion) in additional core capital through a stock rights offer

("the Offer"). The Bangko Sentral ng Pilipinas (BSP) had given its clearance to proceed with the Offer last 23 November 2016.

Thank you.

Date of Approval by

Board of Directors Sep 24, 2016

Entitlement Ratio One (1) Rights Offer share for every 5.095 existing shares

Offer Price Php83.75 per share

Number of Shares to be

Offered 716,402,886

Ex-Rights Date Jan 5, 2017

Record Date Jan 10, 2017 Start of Offer Period Jan 16, 2017 End of Offer Period Jan 24, 2017

Use of Proceeds

The

proceeds from the Stock Rights Offer will support the BDO's medium-term growth objectives amid the country's favorable macroeconomic prospects and provide a comfortable buffer over higher capital requirements with the forthcoming imposition of the Domestic Systemically Important Bank (DSIB) surcharge. The additional capital will also allow BDO to sustain its

momentum and take advantage of the country's growth opportunities.

Other Relevant Information

Note that the figure

indicated in the "Number of Shares to be Offered" pertains to the maximum number of shares that may be offered and is still subject to final adjustments.

Disclosure is being amendment to update the

"Entitlement Ratio", "Offer Price" and "Number of Shares to be Offered".

Filed on behalf by:

Name

Elmer Serrano

Designation Corporate Information Officer