The bank is offering two peso-denominated bonds, one maturing in 2028 and another in 2029, with an option to raise more than the initial P5-billion target if demand is strong.
Investors can choose between the 1.5-year Series E bonds paying 6.9882 percent annually and the three-year Series F bonds offering a higher 7.6563 percent, with interest paid every three months.
Who can invest?
The minimum investment is P100,000, with additional subscriptions in increments of P50,000, making the offering accessible to individual investors who can meet the minimum amount.
The public offer opened on Oct. 26 and will run until Nov. 4, while the bonds are scheduled to be issued and listed on the Philippine Dealing & Exchange Corp. on Nov. 11.
The transaction marks the fourth tranche of Bank of Commerce's P80-billion bond program, with proceeds earmarked for managing its balance sheet, diversifying funding sources and general corporate purposes.
Profits climb
The fundraising comes as Bank of Commerce reported a 13 percent increase in first-half 2026 net income to P2.11 billion, supported by its core banking operations and foreign exchange gains.
The bank also posted an 11.56 percent return on equity and a 1.47 percent return on assets, reflecting improved profitability following its stock market debut.
ING Bank, Philippine Commercial Capital Inc., Security Bank Capital Investment Corp. and Standard Chartered Bank are serving as joint lead arrangers and bookrunners, as well as selling agents alongside Bank of Commerce.
Unlike regular bank deposits, the bonds are not covered by Philippine Deposit Insurance Corp. protection, meaning investors face the bank's credit risk and may incur losses if they need to sell before maturity.
—Edited by Miguel R. Camus
