The Bank of the Philippine Islands, the country’s third largest lender by assets, has announced the early closure of its public offering for the BPI Supporting Inclusion, Nature, and Growth (SINAG) Bonds, originally scheduled to run from May 20 to May 30.
BPI said that strong and widespread demand from institutional investors, high-net-worth individuals, and retail clients prompted it to end the offer period four days early, with the offer now closing on May 26.
The 1.5-year Peso-denominated fixed-rate bonds, due in 2026, are set to be issued at par with an annual interest rate of 5.8500%, payable quarterly. Despite the shortened offer period, BPI said the issuance and listing date of June 10 on the Philippine Dealing and Exchange Corp. remains unchanged.
The strong investor appetite reflects growing confidence in sustainability-themed financial instruments and signals robust market support for BPI’s inclusive and environmentally aligned initiatives.
BPI Capital Corp. and Standard Chartered Bank are acting as joint lead arrangers and selling agents for the issuance. Both the bank and its arrangers reserve the right to adjust the timeline, including the listing and issuance dates, with appropriate notice to investors.
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