The Bank of the Philippine Islands (BPI) has officially listed its BPI Supporting Individuals Grow, Lead, and Achieve (SIGLA) Bonds on the Philippine Dealing & Exchange Corp. (PDEx). The issuance raised an aggregate principal amount of ₱50 billion, far exceeding expectations and setting a new record as the Bank’s largest Peso bond issuance to date.
The BPI SIGLA Bonds represent the second tranche of the Bank’s ₱200 billion Bond and Commercial Paper Program. Driven by robust investor confidence, the final issue size reached 10 times the initial base offer of ₱5.0 billion.
Key Terms of the Issuance:
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Total Amount: ₱50 billion
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Tenor: 2 Years
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Interest Rate: 5.4050% p.a. (payable quarterly)
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Classification: ASEAN Social Bond
The BPI SIGLA Bonds carry the ASEAN Social Bond label, a distinction affirmed by the Securities and Exchange Commission (SEC) in December 2025. This alignment with regional ESG benchmarks ensures that the net proceeds will be exclusively used to finance or refinance projects that benefit underserved sectors and promote inclusive growth. “This issuance represents a significant milestone in our commitment to promoting inclusive growth and empowering underserved sectors across the Philippines,” said Dino Gasmen, BPI Treasurer and Head of Global Markets. “We are deeply grateful for the trust placed in us and excited to channel the proceeds toward initiatives that generate positive social impact.”
The success of the SIGLA Bonds reinforces BPI’s leadership in the sustainable finance space. By integrating responsible lending and sustainable investment products into its core business, BPI continues to drive long-term value and community resilience.
BPI Capital Corporation and ING Bank N.V., Manila Branch served as the Joint Lead Arrangers and Selling Agents for the offer.
