BPI sets rate for P5-B SIGLA bonds, opens public offer
MANILA, Philippines – The Bank of the Philippine Islands (BPI) has priced its peso-denominated BPI Supporting Individuals Grow, Lead, and Achieve (SIGLA) Bonds at 5.405 percent a year, as it opened the public offer for the fixed-rate notes on Monday.
In a statement, BPI said the initial offering amounts to P5 billion, with an option to upsize.
READ: BPI eyes P5B from new ‘Asean bond’ offer
The bonds form the second tranche under the bank’s P200-billion Bond and Commercial Paper Program approved by its board in October 2024.
The BPI SIGLA Bonds will be issued at par and will pay interest quarterly. These carry a tenor of two years and will mature in 2028.
The public offer period runs from January 26 to February 4, 2026, with a minimum investment of P500,000 and additional placements in increments of P100,000.
The bonds are expected to be issued and listed with the Philippine Dealing & Exchange Corp. on February 13.
BPI said the bonds had been given the “ASEAN Social Bond” label by the Securities and Exchange Commission.
Net proceeds will be used to finance or refinance eligible social projects under the bank’s sustainable funding framework.
BPI Capital Corp. and ING Bank N.V., Manila Branch are acting as joint lead arrangers and selling agents for the offer.
