BPI starts offering P5B in sustainability bonds

By Earl John Alfaro

Jul 20, 2024 12:20 am

AYALA-LED Bank of the Philippine Islands (BPI) started an offering of 1.5-year peso-denominated fixed-rate bonds due in 2026, with a principal amount of P5 billion and an option to upsize.

BPI's Sustainable, Environmental and Equitable Development (SEED) bonds will be issued at par value and carry an interest rate of 6.20 percent per year, to be paid quarterly.

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