AYALA-LED Bank of the Philippine Islands (BPI) is looking to raise at least P5 billion through the issuance of peso-denominated fixed-rate bonds to support social development projects.
In a statement on Monday, BPI said it planned to offer BPI Supporting Individuals Grow, Lead and Achieve Bonds, or BPI SIGLA Bonds, which will have a tenor of two years and will mature in 2028.
The bank said it may upsize the offering depending on market demand.
The SIGLA Bonds have been given the “AseanEAN Social Bond” label following affirmation by the Securities and Exchange Commission last month.
The proceeds will be used exclusively to finance or refinance eligible social projects, in line with BPI’s Sustainable Funding Framework and Asean Social Bond Standards.
BPI said the bond issue formed part of a P200-billion bond and commercial paper program approved by its board of directors on October 16, 2024.
The public offer period is scheduled to run from January 26 to February 4, 2026, while the bonds are expected to be issued and listed with the Philippine Dealing & Exchange Corp. on February 13, 2026.
BPI Capital Corp. and ING Bank N.V., Manila Branch have been appointed joint lead arrangers and selling agents for the transaction.
The bank said it reserved the right to revise offer terms, including the amount, timetable, and other details, subject to proper notice.
Interested investors can place orders through any BPI branch or coordinate directly with BPI Capital Corp. or ING Bank N.V., Manila Branch.
BPI also reminded investors that the SIGLA Bonds are not deposit instruments and are not insured by the Philippine Deposit Insurance Corp.
The bonds are exempt from registration under Section 9.1(e) of the Securities Regulation Code.
BP shares fell by 50 centavos, or 0.42 percent, to close at P118.10 apiece on Monday, bucking the benchmark Philippine Stock Exchange index’s 0.48-percent gain.
