Bank of the Philippine Islands (BPI) plans to issue its fourth tranche of Peso Fixed-Rate Bonds worth P5 billion, with option to upsize, as part of its P100 billion program.
In a disclosure to the Philippine Stock Exchange, the bank said proceeds from this bond offering will be used for general corporate purposes including refinancing.

The Fourth Tranche Bonds will have an indicative tenor of two years, with minimum investment amount at P1 million and in additional increments of P100,000.
The offer period will be from Jan. 6 to 21, 2022, and the issue and listing date will be on Jan. 31, 2022.
BPI and the Joint Lead Arrangers reserve the right to update the offer terms and the timing of any of these dates as deemed appropriate.
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.
Source: Manila Bulletin (https://mb.com.ph/2021/12/10/bpi-issuing-p5-b-more-bonds/?utm_source=rss&utm_medium=rss&utm_campaign=bpi-issuing-p5-b-more-bonds)
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