The Bank of the Philippine Islands (BPI) has launched the BPI SINAG Bonds—its first issuance under a P200-billion bond and commercial paper program—with an initial offer size of P5 billion, and an option to increase based on investor demand.
The 1.5-year peso-denominated fixed-rate bonds will carry an interest rate of 5.85 percent per annum, paid quarterly, and are designed to support projects with clear environmental and social benefits.
Branded as Supporting Inclusion, Nature, and Growth (SINAG), these bonds have been certified as ASEAN sustainability bonds by the Securities and Exchange Commission, ensuring that proceeds will finance or refinance eligible projects aligned with BPI’s Sustainable Funding Framework. These include initiatives in renewable energy, energy efficiency, sustainable water management, and financial inclusion.
The offer period runs from May 20 to May 30, with a minimum investment of P500,000 and additional increments of P100,000. The bonds are set to be issued and listed on the Philippine Dealing and Exchange Corp. by June 10.
BPI Capital Corporation and Standard Chartered Bank serve as joint lead arrangers and selling agents. The issuance reflects BPI’s deepening commitment to embedding sustainability into its growth strategy and stakeholder value creation.
