tower PDS Group
Home | Careers | Contact Us
search

THE COMPLETE CAPITAL MARKET INFRASTRUCTURE

Menusample

Skip to content
  • About PDS Group
    • Company Overview
      • About PDS Group
      • Philippine Dealing & Exchange Corp.
      • Philippine Depository & Trust Corp.
      • Philippine Securities Settlement Corp.
      • PDS Academy for Market Development Corp.
    • Vision
    • Mission
    • Market Symbols
      • The Tower
      • The Ceremonial Bell
    • Organization
      • Governance Philosophy and Architecture
      • Corporate Governance
      • Market Governance
    • Leadership
      • Board of Directors
      • Board of Governors
      • Board of Trustees
      • Internal Officers
    • Shareholder Structure
    • Milestones
  • Products & Services
    • Trading
      • PDS Fixed Income
      • PDS Repo
      • PDS SecLend
    • Listing and Enrollment
      • Securities Admission Program
      • Listing Qualifications
      • Continuing Obligations
      • Issuer List
      • Issuer Disclosures
      • Listed Securities
    • Data
    • Securities Services
      • Depository
      • Registry
      • Sub-Registry
      • Value Management
    • Clearing & Settlement
    • Payment and Transfer
  • Market Data
    • Government Securities
      • Active Securities
        PHP-Denominated
      • Fixed Income Board Summary (PhP Denominated)
      • Time and Sales
        PHP-Denominated
      • Fixed Income Board Summary (Foreign Currency Denominated)
      • Time and Sales
        Foreign Currency-Denominated
      • PDST Rates – Benchmark Tenors
      • PDST-F
      • PDST Rates – Government Securities
      • PHP BVAL Reference Rates – Benchmark Tenors
      • PHP BVAL Rates Government Securities
      • BAP-MART GS Repo Trade Summary
      • BAP-MART GS Repo Time and Sales
    • Corporate Securities
      • Time and Sales
        PHP-Denominated
      • Corporate Securities Board Summary
        PHP-Denominated
    • BSP Securities
      • Time and Sales PHP-Denominated
      • BSP Securities Board Summary PHP-Denominated
      • BSP BVAL – BSP Securities
    • Foreign Exchange Summary
    • Depository
      • Depository – Safekeeping
      • Depository – Name on Central Depository
    • Registry
      • Registry – Recordkeeping
    • Payment and Transfer
      • Payment and Transfer – Currency Transfer Services
      • Payment and Transfer – Payment versus Payment
    • Downloadable Data
      • Fixed Income Reports
      • Repo Reports
      • BAP-MART GS Repo
      • SecLend Reports
      • BSP Securities
        • BSP Securities Board Summary
        • BSP BVAL – BSP Securities
      • Foreign Exchange Reports
      • PDST Guidelines
  • Regulation
    • Market Governance Structure
    • Rules
      • PDEx Rules
      • PDTC Rules
    • Trading Conventions
      • Approved Trading Conventions
      • Trading Conventions for Comments
      • Trading Conventions Submitted for SEC Action
    • Pricing Convention
      • Approved Pricing Conventions
    • Policy Guidance
    • PDEx Guidelines
      • Approved Guidelines
      • Guidelines for Comments
      • Guidelines Submitted for SEC Action
      • Frequently Asked Questions
    • PDTC Guidelines
      • Fixed Income
      • Equities
    • Continuing Education
    • Guidelines in Filing a Complaint
  • Market Community
    • Fixed Income Dealer Members
      • Benefits
      • Apply
    • Fixed Income Broker Members
    • REPO Market Program Members
    • Securities Lending Program Members
      • Benefits
      • Apply
    • Cash Settlement Banks
    • Registry Clients
      • Benefits
      • Apply
    • Depository Participants
    • RTS Participants
  • PDS Academy
  • Press Room
    • News Releases
    • Announcements
    • Publications
      • Annual Report
      • Brochure
      • Fact Sheet
      • FAQ
      • Top Performers
      • Schedule of Settlement Breaks
      • BVAL Methodology
    • Forms
      • Regulatory
      • Registry
      • Depository
      • Membership
  • Regional Links

Quicklinks


  • Trading Hours
  • Issuer List
  • Issuer Disclosures
  • Listed Securities
  • Recent Headlines
  • Announcements
  • Downloadable Data
  • BAP-MART GS REPO

Home » Listing Ceremonies » BPI Raises PHP 27 Billion Fixed Rate Bonds on PDEx

BPI Raises PHP 27 Billion Fixed Rate Bonds on PDEx

Posted on: January 31, 2022

Press Release Tower Photo_BPI

BPI 01.31.2021

31 January 2022, Makati, Philippines — A day before welcoming the Lunar New Year, the Bank of the Philippine Islands (BPI) listed their PHP 27 Billion Fixed Rate Bonds Due 2024, the fourth tranche of their PHP 100 Billion Bond Program on the Philippine Dealing & Exchange Corp. (PDEx). The bonds hond an interest rate of 2.8068% per annum, a number considered to be lucky for this Lunar New Year, to be paid quarterly. The bonds were more than 5 times oversubscribed from the initial offer of PHP 5 Billion due to strong investor demand.

“We note that proceeds from this bond offer shall be utilized for BPI’s digitalization efforts and we are happy that BPI has for this issuance used the electronic-Securities Issue Portal and thank it and the whole Ayala Group for its active support for this paper-reducing initiative. This will be significant especially in this segment of bank issuers which have the natural capacity to convert more and newer investors through both digital and branch networks.”, said PDEx President and CEO Antonino A. Nakpil.

Meanwhile, BPI Chairman Jaime Agusto Zobel de Ayala highlighted BPI’s digitalization initiatives. “The funds raised will undoubtedly assist us in making our goal of financial inclusion a reality for more and more of our fellow Filipinos. In the past two years, we have seen a surge in our digital transactions. Digitalization has, indeed, become an important tool for offering financial services as more people use our digital channels”

BPI President and CEO Jose Teodoro K. Limcaoco also gave special thanks to investors who trusted BPI for this issuance. “With overwhelming support from retail and institutional investors, we have raised more than five times our initial target of PHP 5 Billion. This is testimony to our investors’ recognition of BPI’s excellent creditworthiness, as well as their support for our plans and prospects as we build a better Philippines. We appreciate their continued trust.”

“Amid the continuing volatility in our markets and the challenges of the pandemic, we will continue to soldier on and pursue our strategic initiatives—digitalization, excellent customer service, and sustainability,” added Mr. Limcaoco.

This 2nd listing for 2022 brings the year-to-date total of new listings to PHP 79.7 Billion, pushing the total level of tradable corporate debt instruments to PHP 1.36 Trillion issued by 53 companies, comprising of 190 securities.

PDEx Press Release_BPI Fixed Rate Bonds

Print
  • Link Policy
  • Terms of Use
  • Related Links
  • Sitemap
  • Glossary
All Rights Reserved. Copyright (c) 2022 PDS Group
BEST VIEWED ON MICROSOFT EDGE, OR LATEST VERSION OF GOOGLE CHROME AND MOZILLA FIREFOX