BANK of the Philippine Islands (BPI) raised P50 billion from its latest offering of social bonds, marking its largest peso debt issuance to date.
This was well above the bank’s initial P5-billion target for its two-year Supporting Individuals Grow, Lead, and Achieve (SIGLA) bonds.
“The final issue size of BPI SIGLA bonds was increased 10 times compared to its base issuance of P5 billion once again, reflecting strong investor demand. The positive market perception for these funds underscores the growing alignment between capital markets and sustainability objectives,” BPI Treasurer and Global Markets Head Dino R. Gasmen said in a speech at the listing ceremony for the bonds at the Philippine Dealing and Exchange Corp. (PDEx) held on Friday.
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