BPI launches P5-B ‘SINAG’ bonds at 5.85%, offer runs until May 30

The Ayala Group's Bank of the Philippine Islands has launched a P5 billion offer of its SINAG Bonds—sustainability-focused debt aimed at funding green and social projects.

SINAG stands for Supporting Inclusion, Nature, and Growth, and the bonds are the first tranche under BPI’s P200 billion bond and commercial paper program.

Priced at 5.85 percent per annum, the bonds have a 1.5-year tenor and pay interest quarterly. The offer period runs from May 20 to May 30, with issuance and listing scheduled for June 10 via the Philippine Dealing and Exchange Corp.

Minimum investment is set at P500,000, with additional subscriptions in P100,000 increments. Proceeds will support eligible initiatives under BPI’s Sustainable Funding Framework.

The Securities and Exchange Commission has certified the bonds as ASEAN Sustainability Bonds, assuring investors of verified environmental and social impact.

BPI Capital and Standard Chartered Bank are acting as joint lead arrangers and selling agents.