BPI closes SINAG bond offer early on 'strong and substantial' demand

May 23, 2025
12:43PM PHT

Investor demand for Bank of the Philippine Islands' 1.5-year latest bond sale was so “strong and substantial” that the bank is closing its offer four days ahead of schedule, now ending on May 26 instead of May 30.

The peso-denominated Supporting Inclusion, Nature, and Growth (SINAG) bonds, which offer a 5.85 percent annual interest paid quarterly, drew significant interest from institutional, high-net-worth, and retail investors. 

BPI said it was grateful for the overwhelming response, signaling continued investor appetite for its sustainability-linked products. 

The early close won’t affect the bond’s issue and listing date, which remains set for June 10, 2025 on the Philippine Dealing & Exchange Corp. BPI Capital and Standard Chartered Bank are acting as joint lead arrangers and selling agents for the offer.

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