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RISE bonds priced at 5.75% per year

THE Bank of the Philippine Islands (BPI) on Friday said it had priced P5 billion worth of 1.5-year peso fixed-rate bonds due 2024.

In a disclosure to the Philippine Stock Exchange, BPI said its Reinforcing Inclusive Support for Micro, Small and Medium Enterprises or RISE bonds, which come with an option to upsize, would be issued at par value with an interest rate of 5.75 percent to paid quarterly. The minimum investment amount will be P1,000,000 with additional increments of P100,000, it added.