BPI raises P33.7B from SEED bonds

AYALA-LED Bank of the Philippine Islands (BPI) on Friday listed on the Philippine Dealing and Exchange Corp. its 1.5-year peso-denominated fixed-rate Sustainable, Environment and Equitable Development (SEED) bonds due 2026, raising fresh funding amounting to P33.7 billion.

"I am honored to share that our bond offering has been met with remarkable enthusiasm from our investors, resulting in a final issue size of P33.7 billion. This is the biggest issuance we've had, and it's oversubscribed by more than six times our initial target of P5 billion," BPI treasurer Dino Gasmen said.