The Bank of the Philippine Islands (BPI) has unveiled a significant move to bolster its support for sustainable development. The bank announced on Monday, January 5, 2026, its plan to raise capital through the issuance of fixed-rate bonds denominated in Philippine pesos.
Details of the Bond Offering
BPI aims to generate up to five billion pesos, equivalent to approximately eighty-nine million US dollars, from this domestic fund-raising activity. The bank has also included an option to increase the size of the offering if market demand is strong. These instruments, named the BPI SIGLA Bonds, are scheduled to mature in two years, by 2028.
The marketing period for these bonds is set to begin on January 26, 2026, and will conclude on February 4, 2026. Following this, the bonds are expected to be officially listed and made available for trading on the Philippine Dealing & Exchange Corp. (PDEx) by February 13, 2026.
Funding Sustainable and Social Projects
A core purpose of this bond issuance is to finance or refinance projects that meet specific social and environmental criteria. The proceeds will be allocated according to BPI's own sustainable funding framework and must comply with the standards set for ASEAN Social Bonds. This ensures the funds directly contribute to eligible social projects within the community.
Arrangers and Market Impact
To manage this substantial offering, BPI has appointed two joint lead arrangers and selling agents. BPI Capital Corporation, the bank's investment arm, will work alongside the Manila branch of the international ING Bank N.V. This collaboration highlights the transaction's importance and the confidence in the Philippine debt market.
This strategic initiative allows BPI to secure long-term funds while reinforcing its commitment to responsible banking. It enables the bank to expand its lending portfolio for projects that generate positive social outcomes, aligning financial growth with national sustainable development goals.
