THE Bank of the Philippine Islands (BPI) announced Monday, March 2, 2020, the availability of its second peso fixed-rate bond offering of 2020 in the aggregate principal amount of up to P5 billion, with option to upsize.
The bonds will have a tenor of one and a half years and an interest rate of 4.05 percent per year to be paid quarterly, with the minimum investment amount at P1,000,000 and in additional increments of P100,000.
The offer period will be from March 2 to 17, and the issue and listing date will be on March 27, 2020. BPI may adjust the timing of any of these dates as it considers appropriate.
“This offering is aligned with our strategy to grow and diversify our funding sources.
We will continue to explore similar opportunities to further increase our capacity to deliver relevant financial services to more Filipinos,” said BPI treasurer Dino Gasmen. BPI Capital Corp. and ING Bank N.V., Manila Branch (ING), are the joint lead arrangers of the offer. BPI Capital is the sole selling agent, while ING is participating selling agent. (PR)