The Bank of the Philippine Islands (BPI) is set to offer and issue ₱5 billion in Peso-denominated fixed-rate BPI Supporting Inclusion, Nature, and Growth (SINAG) Bonds due in 2026. This offering, with an option to upsize, represents the inaugural tranche under BPI’s ₱200 Billion Bond and Commercial Paper Program, approved by its Board of Directors on October 16, 2024.
The net proceeds from this Offer will be allocated towards financing or refinancing eligible projects aligned with BPI’s Sustainable Funding Framework and adhering to the ASEAN Sustainability Bond Standards. The BPI SINAG Bonds, carrying a tenor of one and a half (1.5) years, have been affirmed with the “ASEAN Sustainability” label by the Securities and Exchange Commission on March 17, 2025.
Investors can subscribe to the BPI SINAG Bonds with a minimum principal investment of ₱500,000, and in subsequent increments of ₱100,000. The offer period will run from May 20, 2025, to May 30, 2025, subject to potential adjustments by BPI. The issuance and listing of the BPI SINAG Bonds on the Philippine Dealing and Exchange Corp. are anticipated on June 10, 2025.
BPI Capital Corporation and Standard Chartered Bank are acting as the Joint Lead Arrangers and Selling Agents for this Offer.
