Bank of Commerce, the lending affiliate of San Miguel Corp., has launched the public offering for its dual-tranche fixed-rate bonds, aiming to raise at least P5 billion. The bonds, which come with an oversubscription option, are part of BanCom’s increased P50 billion bond program.
The offering includes two series of bonds: Series C, with a 2-year tenor and an interest rate of 6.1942 percent per annum, and Series D, with a 5.25-year tenor offering a slightly higher rate of 6.3494 percent per annum. Both series will pay interest quarterly, making them an attractive option for investors seeking stable returns.
The minimum investment amount for these bonds is P100,000, with additional increments of P50,000. BanCom’s move comes as part of its strategy to tap the growing demand for fixed-income securities in the local market while supporting its ongoing growth and expansion initiatives.
This bond issuance also underscores the bank’s strengthened financial position, with the funds expected to support various corporate activities and further enhance its capital structure. The offering is seen as a key step in BanCom’s efforts to diversify its funding sources and offer more investment options to the public.
