BPI cuts 4th tranche bond offer period due to strong demand

·1 min read

THE Bank of the Philippine Islands (BPI) has shortened the offer period for its fourth tranche bonds under BPI’s existing P100 Billion Bond Program, due to overwhelming demand from investors, which includes institutional investors as well as high-net-worth and retail clients.

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 percent per annum, in the aggregate principal amount of up to P5 billion, with an option to upsize, to be used for general corporate purposes including refinancing.

BPI Capital Corp. (BPI Capital) and The Hongkong and Shanghai Banking Corp. Limited (HSBC) are the Joint Lead Arrangers of the offer. BPI Capital is the sole selling agent, while HSBC is the participating selling agent. (PR)

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