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Bank of Commerce Returns to the Philippine Bond Market with PHP 17.4 billion Series E and F Bonds

Posted:

November 11, 2026

11 November 2026 Makati, Philippines — Bank of Commerce (BankCom) returns to the capital market for the issuance of its PHP 17.4 billion Series E Bonds Due 2028 and Series F Bonds Due 2029.

PDEx President, Stephanie Marie Zulueta commended the banking arm of the San Miguel Corporation for its significant growth since 2008 – “As an affiliate of San Miguel Corporation since 2008 where the bank’s total asset was at PHP 95 billion, Bank of Commerce has grown its asset base to PHP 286 billion as of June 2026. This significant expansion reflects its sustained growth and strengthening position in the Philippine banking industry, where it currently ranks among the country’s 15 largest universal banks.”

Zulueta further added the continuing commitment of the PDS Group in bringing an efficient capital market for all – “As part of our continuing advocacy to provide market access for all, we remain committed to working alongside our issuers, market participants, regulators, and other stakeholders in fostering a transparent, efficient, and inclusive capital market. To date, PDEx has recorded PHP 493.2 billion in total listings and enrollments, already surpassing last year’s full-year total of PHP 454.2 billion”

Bank of Commerce Executive Director, President and CEO, Mr. Michelangelo Aguilar shared that BankCom came back to the capital market this year with an expanded Peso Bond Programme and a mission to provide longer-term funding for its long-term assets – “In 2026, not only did we go back to the bonds market for the fourth time months after the US-Iran conflict erupted in February and continues to send adverse, far-reaching ramifications to consumers, businesses, and economies as I speak, we also came back with an expanded P80 billion Peso Bond Programme and with Security Bank Capital as the newest member to our team of joint lead arrangers, joint bookrunners, and selling agents.  We intend to use the P17.4 billion proceeds from this bond issuance to provide longer-term funding to match our long-term assets…”

Aguilar also acknowledged its investors’ confidence and asserted that the Bank will return the favor through trust and empowerment of its stakeholders.  – “In response to the unwavering confidence that investors have given us in this latest bond issuance, we firmly commit to our renewed vision to be the trusted financial partner connecting and empowering stakeholders, by harnessing the SMC Group’s collective strength and deep sustainable integration with the Philippine economy.”

This twenty-fourth admission for 2026 brings the year-to-date total of new listings and enrollments to PHP 493.18 billion and the total level of tradable corporate debt instruments to PHP 1.6 trillion issued by 43 companies, comprised of 170 securities.