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BPI readies P5-B Asean sustainable bond offer

AYALA-LED Bank of the Philippine Islands (BPI) on Thursday said that it would be offering P5 billion worth of fixed-rate Asean sustainable bonds, with an option to upsize, later this month.

In a filing, the bank said the offering would comprise the third tranche of a P100-billion bond program approved by its board of directors on May 18, 2022.