Bank of the Philippine Islands (BPI) said it raised P40 billion from its Sinag bond issuance, which was listed Tuesday on the Philippine Dealing & Exchange Corp. (PDEx).
The bond sale, initially set at a base offer of P5 billion, was oversubscribed by more than eight times, according to BPI treasurer Dino Gasmen. The bank increased the offer size to meet strong investor demand.
The Sinag bonds align with BPI’s commitment to sustainable financing. Proceeds from the offering will fund eligible projects under the bank’s Sustainable Funding Framework.
The issuance is one of the largest corporate bond offerings in the local market for 2025, underscoring strong investor confidence in BPI’s credit profile and its environmental, social, and governance (ESG) initiatives.
