Bank of the Philippine Islands (BPI) said Monday it plans to issue at least P5 billion worth of peso-denominated fixed-rate bonds due 2028.
BPI said in a disclosure to the stock exchange the issuance, called BPI Supporting Individuals Grow, Lead and Achieve (BPI SIGLA) bonds, will have a two-year tenor and include an option to upsize.
The bonds will be issued as second tranche under BPI’s P200-billion bond and commercial paper program approved by its board of directors on Oct. 16, 2024.
BPI said the Securities and Exchange Commission on Dec. 18, 2025 affirmed the bonds’ “ASEAN Social Bond” label.
The bank said it would use the net proceeds from the offer to finance or refinance eligible social projects under its Sustainable Funding Framework in line with the ASEAN Social Bond Standards.
The public offer period is scheduled to run from Jan. 26 to Feb. 4, 2026. The bonds are expected to be issued and listed on the Philippine Dealing & Exchange Corp. on Feb. 13, 2026.
BPI Capital Corp. and ING Bank N.V., Manila Branch are serving as joint lead arrangers and selling agents for the offer.
BPI and the joint lead arrangers said they reserve the right to update the offer terms, periods and dates, with due notice. Interested investors may visit any BPI branch or contact the joint lead arrangers and selling agents for more information.
Last year, BPI also raised P40 billion from issuance of sustainability-linked bonds called Supporting Inclusion, Nature and Growth (SINAG) bonds.
The 1.5-year SINAG bonds carry an interest rate of 5.85 percent per annum. The offering was eight times oversubscribed against a base offer of P5 billion.
Funds were earmarked for eligible green and social projects under BPI’s Sustainable Funding Framework.
