The Bank of the Philippine Islands (BPI) today announced the launch of its BPI Supporting Inclusion, Nature, and Growth (SINAG) Bonds, marking a significant step in the Bank’s commitment to sustainable finance. The 1.5-year peso-denominated fixed-rate bonds, the first tranche under BPI’s ₱200 Billion Bond and Commercial Paper Program, are priced at an aggregate principal amount of ₱5 billion, with an option to upsize.
The BPI SINAG Bonds offer an attractive interest rate of 5.85% per annum, payable quarterly. This initiative provides investors with a unique opportunity to contribute to projects with clear environmental and social benefits while earning competitive returns. The minimum investment amount is set at ₱500,000, with additional increments of ₱100,000.
A Commitment to Sustainable Impact
The net proceeds from the Offer will be strategically utilized to finance or refinance eligible projects aligned with BPI’s Sustainable Funding Framework, consistent with the ASEAN Sustainability Bond Standards. This ensures that investments will directly support initiatives that contribute to a more sustainable future for the Philippines.
On March 17, 2025, the Philippine Securities and Exchange Commission officially confirmed the BPI SINAG Bonds’ qualification as ASEAN Sustainability Bonds. This classification provides independent verification that robust systems are in place to guarantee proceeds are directed towards projects with measurable environmental and social impacts, offering bondholders confidence in their investments’ positive contributions.
Offer Details and Key Dates
The offer period for the BPI SINAG Bonds commences today, May 20, 2025, and will conclude on May 30, 2025. The bonds are expected to be issued and listed with the Philippine Dealing and Exchange Corp. on June 10, 2025.
BPI Capital Corporation and Standard Chartered Bank are acting as the joint lead arrangers and selling agents for the Offer. BPI and the Joint Lead Arrangers reserve the right to update the Offer terms, periods, and dates as deemed appropriate, with due notice.
BPI remains dedicated to creating value for its stakeholders, the environment, and the communities it serves, striving to embed sustainability at the core of its corporate strategies to achieve business growth alongside its environmental and social responsibilities.
