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Manila Bulletin devider Business devider Banking & Finance devider BPI prices, starts ₱5 billion SINAG bonds offering

BPI prices, starts ₱5 billion SINAG bonds offering

Published May 20, 2025 09:20 am  |  Updated May 20, 2025 06:11 pm

Zobel-led Bank of the Philippine Islands has priced its 1.5-year Peso-denominated fixed-rate BPI Supporting Inclusion, Nature, and Growth Bonds (the BPI SINAG Bonds), which is now (May 20, 2025) being offered to investors for the next 10 days (until May 30, 2025).

The bonds have an aggregate principal amount of ₱5 billion with an option to upsize. As the first tranche under the Bank’s ₱200 billion Bond and Commercial Paper Program, the BPI SINAG Bonds bear an interest rate of 5.85 percent per annum and will be paid quarterly.

Applications to purchase the BPI SINAG Bonds require a minimum investment amount of ₱500,000 and additional increments of ₱100,000.

BPI said in a disclosure to the stock exchange that it will use the net proceeds of the Offer to finance or refinance eligible projects under BPI’s Sustainable Funding Framework consistent with the ASEAN Sustainability Bond Standards.

The BPI SINAG Bonds are expected to be issued and listed with the Philippine Dealing and Exchange Corp. on June 10, 2025.

BPI said it is committed to creating value for its stakeholders, the environment, and the communities in which it operates. It strives to have sustainability at the core of its corporate strategies, ultimately achieving its business growth aspirations alongside its environmental and social responsibility.

On March 17, 2025, the Securities and Exchange Commission confirmed that the BPI SINAG Bonds qualify as ASEAN Sustainability Bonds.

Bonds carrying this classification have been independently verified to have systems in place to ensure that proceeds raised will be directed toward projects with environmental and social benefits.

This gives bondholders confidence that their investments will have clear and measurable sustainable impacts.

BPI Capital Corporation and Standard Chartered Bank are the joint lead arrangers and selling agents of the Offer (BPI Capital and SCB are collectively referred to as Joint Lead Arrangers.

BPI and the Joint Lead Arrangers reserve the right to update the Offer terms, the periods, and the dates

prescribed above, as deemed appropriate and with due notice.

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Bank of the Philippine Islands
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