BPI expands funding horizons with ₱5 billion bond offering

Bank of the Philippine Islands (BPI), the banking arm of the Ayala Group, is gearing up to issue ₱5 billion in peso fixed-rate bonds due in 2025, with the option to increase the offering size.

The proceeds generated from this offering will be allocated for a range of general corporate purposes to support the bank’s strategic objectives.

These bonds, featuring a tenor of one and a half years, will be made available to investors with a minimum investment threshold of ₱1 million, with additional increments of ₱100,000. The offering period is set to commence on October 17 and will run until November 3.

This initiative underscores BPI’s commitment to accessing diverse funding channels to bolster its financial capabilities.

The joint lead arrangers for this bond issue are BPI Capital Corporation and ING Bank N.V., Manila Branch, marking a strategic collaboration to facilitate the successful execution of this financial endeavor.

The bonds will be listed on the Philippine Dealing and Exchange Corp. on November 10.