The Bank of the Philippine Islands (BPI) announced the successful listing of its BPI Supporting Inclusion, Nature, and Growth Bonds (BPI SINAG Bonds), totaling an aggregate principal amount of ₱40 billion, on the Philippine Dealing & Exchange Corp. (PDEx). This monumental achievement not only marks a pivotal moment in BPI’s journey towards sustainability but also establishes a new record as the Bank’s largest peso bond issuance to date.
The BPI SINAG Bonds, structured with a 1.5-year tenor and an interest rate of 5.8500% per annum paid quarterly, are fully aligned with the ASEAN Sustainability Bond Standards. The Securities and Exchange Commission (SEC) affirmed the ASEAN Sustainability Bond label for the issuance on March 17, 2025, underscoring its adherence to recognized ESG benchmarks in the region.
Proceeds from the BPI SINAG Bonds will be exclusively allocated to finance or refinance eligible green and social projects, under BPI’s robust Sustainable Funding Framework.
“This issuance is not just a financial milestone, but an expression of our shared belief across institutional, high-net-worth, and retail clients that banking can be a catalyst for positive change,” said Dino Gasmen, BPI’s Treasurer and Head of Global Markets. “The enthusiastic response to the BPI SINAG Bonds reflects a growing alignment between capital markets and sustainability. We are honored by the trust placed in us and excited to channel these funds into projects that directly benefit communities and the environment.”
The BPI SINAG Bonds represent a significant stride in BPI’s broader Environmental, Social, and Governance (ESG) strategy. This initiative seamlessly integrates sustainability across all of BPI’s business lines, from responsible lending practices to innovative sustainable investment products. The issuance powerfully showcases the Bank’s leadership in mobilizing capital toward long-term resilience and value creation.
“BPI’s legacy as a pioneering financial institution now includes being a leader in sustainable finance,” Gasmen added. “We remain committed to developing innovative instruments that support the country’s sustainable development goals while delivering solid value to our investors.”
BPI Capital Corporation and Standard Chartered Bank served as the joint lead arrangers and selling agents of the offering.
