BPI sets P6.2% interest rate for P5B bonds, plus an option to raise more

July 19, 2024
8:15AM PHT

The Ayala Group’s Bank of the Philippine Islands (BPI) launched a P5 billion sale of sustainable bonds, with an option to upsize. The bonds offer a 6.2 percent annual interest rate and have a 1.5-year maturity.

The offer period runs until Aug. 2, 2024 with issuance and listing on the Philippine Dealing and Exchange Corp. set on Aug. 9 this year, the lender said in a stock exchange filing on Friday.

The bonds, which also qualify as ASEAN Sustainability Bonds, require a minimum investment of P500,000 with additional increments of P100,000. Proceeds will finance or refinance eligible green and social projects per BPI’s sustainable funding framework.

“Bonds carrying this classification have been independently verified to have systems in place to ensure that proceeds raised will be directed toward projects that benefit society,” the bank said.

Featured News
Explore the latest news from InsiderPH
Friday, 16 May 2025
Insight to the one percent
© 2024 InsiderPH, All Rights Reserved.