BANK of the Philippine Islands (BPI), the country’s oldest bank, has priced its P5-billion Supporting Individuals Grow, Lead and Achieve (Sigla) bonds, with an option to upsize, and officially commencing the public offer period on Monday.
The bonds due 2028 marked the second tranche of a P200-billion bond and commercial paper program, approved by BPI's board of directors on Oct. 16, 2024.
The bonds will be issued at par value and will carry a fixed interest rate of 5.405 percent per annum, gross of applicable taxes, with interest to be paid quarterly.
The public offer period runs from Jan. 26 to Feb. 4, 2026, with a minimum principal investment of P500,000 and subsequent increments of P100,000.
Issuance and listing on the Philippine Dealing & Exchange Corp. is scheduled on Feb. 13, 2026.
The two-year Sigla bonds carry the Asean Social Bond label as affirmed by the Securities and Exchange Commission (SEC) on Dec. 18, 2025.
Net proceeds will be used to fund or refinance eligible social projects under BPI’s Sustainable Funding Framework.
BPI Capital Corp. and ING Bank N.V., Manila branch are the joint lead arrangers and selling agents for the offering.
The bonds are exempt from registration under the Securities Regulation Code and are not deposit instruments nor insured by the Philippine Deposit Insurance Corp.
BPI shares rose P1.00, or 0.86 percent, to close at P117.00 each on Monday.
