• By The Financial District

BPI Shortens Fourth Tranche Bond Offer Due To Strong Demand

The Bank of the Philippine Islands (BPI) has shortened the offer period for its fourth tranche bonds under BPI’s existing ₱100 Billion Bond Program, due to overwhelming demand from investors, which includes institutional investors as well as high-net-worth and retail clients.

Photo Insert: The offer will end on January 14, 2022, instead of January 21, 2022.



The offer will end on January 14, 2022, instead of January 21, 2022. BPI priced its latest issuance on Wednesday, January 5, 2022, at 2.8068% per annum, in the aggregate principal amount of up to ₱5 billion, with an option to upsize, to be used for general corporate purposes including refinancing.

BPI Capital Corporation (BPI Capital) and The Hongkong and Shanghai Banking Corporation Limited (HSBC) are the Joint Lead Arrangers of the offer. BPI Capital is Sole Selling Agent, while HSBC is Participating Selling Agent.



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