BPI raises P40 billion through sustainable bonds

On Tuesday, Bank of the Philippine Islands (BPI) announced it raised P40 billion through sustainable bonds, marking its largest peso bond issuance.

The successful raise exceeded BPI's initial target of at least P5 billion and is part of a larger P200-billion bond and commercial paper program approved by BPI's board in October 2024.

These Sinag bonds have an annual interest rate of 5.85 percent paid quarterly to investors, with a term of 1.5 years.

Proceeds from the issuance will be exclusively allocated for projects that align with environmental sustainability and social responsibility objectives such as renewable energy power plants and clean water and sanitation.

The strong demand for BPI's Sinag Bonds reflects growing alignment between capital markets and sustainability goals, with Dino Gasmen, company treasurer and head of global markets, noting the huge client interest in these bonds.