BPI debuts P50-B Sigla bonds on PDEx
The Bank of the Philippine Islands (BPI) has officially listed its P50-billion BPI Supporting Individuals Grow, Lead and Achieve (Sigla) Bonds on the Philippine Dealing & Exchange Corp. (PDEx).
The Ayala-led bank described it as a milestone in its sustainable finance push.
In a disclosure statement on Friday, BPI said the offer represents the second tranche under its P200-billion bond and commercial paper program, which was approved by its board on Oct. 16, 2024.
BPI said the issuance was its largest peso bond offering to date, reaching P50 billion or 10 times the base issue size of P5 billion.
The two-year bonds carry an interest rate of 5.405 percent a year, payable quarterly. The securities also bear the Association of Southeast Asian Nations (Asean) Social Bond label, as affirmed by the Securities and Exchange Commission on Dec. 18, 2025.
Proceeds from the offer will be used exclusively to finance or refinance eligible social projects under BPI’s Sustainable Funding Framework. That is, consistent with the Asean Social Bonds Standards.
Dino Gasmen, BPI treasurer and head of Global Markets, said the issuance underscores the bank’s commitment to promoting inclusive growth and supporting underserved sectors.
“We are deeply grateful for the trust placed in us and excited to channel the proceeds toward initiatives that generate positive social impact,” Gasmen said.
BPI said the Sigla Bonds form part of its broader Environmental, Social and Governance strategy, integrating sustainability principles across its business lines—from responsible lending to sustainable investment products.
“Through the BPI Sigla Bonds, BPI continues to reinforce its leadership in sustainable finance,” Gasmen said. “We remain firmly committed to developing innovative financial instruments that support the country’s sustainable development goals while delivering long-term value to our investors.”
BPI Capital Corp. and ING Bank NV, Manila Branch, acted as joint lead arrangers and selling agents for the offer.
Shares of BPI ended Friday’s session at P117.10, slipping by 0.09 percent or 10 centavos.
