The Bank of the Philippine Islands, the banking affiliate of the Ayala Group, said Thursday it plans to raise P5 billion from the issuance of peso-denominated, fixed-rate ASEAN Sustainable Bonds due 2026.
The upcoming bond issuance marks a significant move in its P100 billion bond program approved by BPI’s board of directors in May last year. The issuance, known as the Sustainable Bonds, will be the bond program’s third tranche.
Bond proceeds will be used for either financing or refinancing new and existing eligible Green and Social projects, aligning closely with BPI’s Sustainable Funding Framework.
The bond offer starts on 18 July and ends on 2 August. The bonds are anticipated to be issued and subsequently listed on the Philippine Dealing and Exchange Corp. by 9 August.
BPI Capital Corp. and Standard Chartered Bank have been engaged as joint lead arrangers and selling agents of the bond offer.
This initiative underscores BPI’s strategic focus on sustainable finance, reinforcing its commitment to support environmentally and socially impactful initiatives across Southeast Asia.
