Bank of the Philippine Islands, the country’s third largest lender by assets, said it will end Wednesday the offer period for its 1.5-year, P5 billion bond—nine days shorter than the original scheduled due to overwhelming demand.
The offer period started 17 October and was supposed to end on 3 November. The issue date remains 13 November.
BPI said the bond were met “with strong interest from institutional, high-net-worth, and retail clients.“ The bank has the option to upsize the bond offer.
The minimum investment amount is P1 million and increments at P100,000.
BPi will use the net proceeds of the bond offer for general corporate purposes, including funding source diversification.
BPI Capital Corp. and ING Bank N.V., Manila Branch are the Joint Lead Arrangers and Selling Agents of the offer.
BPI shortens P5B bond offer period by 9 days to Wednesday
Previous article![]( "Nasdaq to expand PHL office to 400 employees")
Next article![]( "Japan grant package boosts DOH emergency response capacity")
Related Stories
