BPI raises P50B, lists Sigla bonds after successful sale

BPI Raises P50 Billion through Successful Sigla Bond Offering A Milestone in Sustainable Finance

Bank of the Philippine Islands (BPI) has achieved a significant milestone in sustainable finance by raising P50 billion from its Supporting Individuals Grow, Lead and Achieve (Sigla) bonds. This successful offering, listed on the Philippine Dealing & Exchange Corp., represents the second tranche of a P200-billion bond and commercial paper program approved by BPI's board of directors last October.

A Record-Breaking Issuance

The Sigla bonds, with a two-year tenor and an interest rate of 5.4050 percent per year, payable quarterly, have generated strong investor demand. This is notable not only for its size but also for the overwhelming response from investors, which was 10 times the base size of P5 billion. The proceeds will be allocated to finance or refinance eligible social projects in line with BPI's sustainable funding framework and consistent with Asean social bond standards.

A Commitment to Sustainable Development

Dino Gasmen, BPI treasurer and head of global markets, emphasizes the significance of this issuance This milestone represents a major step forward in our commitment to promoting inclusive growth and empowering underserved sectors across the Philippines. We are grateful for the trust placed in us by investors and look forward to channeling these funds toward initiatives that generate positive social impact.

A Key Part of BPI's Sustainability Strategy

The Sigla bonds form part of BPI's broader environmental, social, and governance (ESG) strategy, directing capital to projects that promote inclusive and equitable development. This issuance integrates sustainability principles across BPI's business lines, from responsible lending to sustainable investment products.

A Leadership Position in Sustainable Finance

Gasmen notes, Through the BPI Sigla bonds, we continue to reinforce our leadership in sustainable finance. The bank is committed to developing innovative financial instruments that support the country's sustainable development goals while delivering long-term value to investors.

Conclusion

The successful offering of BPI's Sigla bonds marks a significant milestone in the bank's commitment to sustainable finance. As a leader in this space, BPI continues to demonstrate its dedication to promoting inclusive growth and empowering underserved sectors across the Philippines. With this issuance, BPI has solidified its position as a key player in the country's sustainable development journey.

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Edward Lance Arellano Lorilla

CEO / Co-Founder

Enjoy the little things in life. For one day, you may look back and realize they were the big things. Many of life's failures are people who did not realize how close they were to success when they gave up.