BPI kicks off P5-B SIGLA bond sale after pricing at 5.405%

January 26, 2026
10:39AM PHT

The Ayala Group’s Bank of the Philippine Islands priced its BPI SIGLA Bonds at 5.405 percent per year, setting terms for a P5 billion peso-denominated fixed-rate bond sale due 2028.

The Bank of the Philippine Islands said the public offer runs from Jan. 26-Feb. 4, 2026, with issuance and listing set for Feb. 13 on the Philippine Dealing & Exchange Corp.

The bonds will be issued at par, pay interest quarterly, and carry a two-year tenor.

Key details

The issue is the second tranche under BPI’s P200 billion bond and commercial paper program, approved by the board in Oct. 2024.

Net proceeds will finance or refinance eligible social projects under BPI’s Sustainable Funding Framework after the Securities and Exchange Commission affirmed the bonds’ ASEAN Social Bond label on Dec. 18, 2025.

The minimum investment is P500,000, with additional subscriptions in P100,000 increments, and the bank may upsize the offer.

BPI Capital Corp. and ING Bank N.V., Manila Branch are joint lead arrangers and selling agents for the transaction.

—Edited by Miguel R. Camus 

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