The Bank of the Philippine Islands (BPI) said Friday it will shorten the public offer period for its 1.5-year peso-denominated fixed-rate Supporting Inclusion, Nature, and Growth (SINAG) Bonds due 2026, following strong demand from investors.
The offer period, which was originally scheduled run from May 20 to May 30, 2025, will end on May 26, 2025, BPI said in a disclosure to the stock exchange.
The offering was swarmed by institutional, high-net-worth, and retail investors.
“Following strong and substantial demand for its 1.5-year Peso-denominated fixed-rate BPI Supporting Inclusion, Nature, and Growth Bonds due 2026 (‘BPI SINAG Bonds’) across institutional, high-net worth, and retail clients, the Bank of the Philippine Islands has decided to shorten the public offer period of the BPI SINAG Bonds,” BPI said in a statement.
The SINAG Bonds will be issued at par with a fixed annual interest rate of 5.85 percent, paid quarterly.
The issue and listing date on the Philippine Dealing and Exchange Corp. remains set for June 10, 2025.
The P5 billion SINAG bonds will be issued as first tranche under BPI’s P200-billion bond and commercial paper program.
BPI said it would use the funds to finance or refinance eligible projects under its Sustainable Funding Framework. These projects will follow the ASEAN Sustainability Bond Standards.
The Securities and Exchange Commission in March confirmed that the BPI SINAG Bonds qualify as ASEAN Sustainability Bonds.
BPI Capital Corp. and Standard Chartered Bank are the joint lead arrangers and selling agents for the offer.
