Bank of the Philippine Islands (BPI) announced the availability of its Peso Fixed Rate Bonds in the aggregate principal amount of up to P3 billion, with option to upsize.
Proceeds from this bond offering will support the bank’s expansion plans and diversify funding sources.
The Bonds will have a tenor of two (2) years and an interest rate of 4.2423 percent, paid quarterly, with the minimum investment amount at P1,000,000 in increments of P100,000 thereafter.
The issue and listing date will be on January 24, 2020. BPI reserves the right to adjust the timing of any of these dates as it considers appropriate.
“We are confident that investors will continue to support BPI’s fund raising initiatives, as backed by the bank’s robust credit metrics,” said BPI Treasurer Dino Gasmen.