The Ayala-led Bank of the Philippine Islands (BPI) raised its bond offer to four times their initial target due to high demand. Know more:
THE Ayala-led Bank of the Philippine Islands raised its bond offer to four times their initial target due to high demand.
The Peso Fixed-Rate Bonds are due in 2024 and have a term of 1.5 years. The bonds are called BPI Reinforcing Inclusive Support for MSMEs Bonds. BPI President and CEO Jose Teodoro K. Limcaoco thanked the bank’s investors “for their continued support and trust.” “The success of the bond offering brings BPI one step closer to realizing our vision of building a better Philippines — one family, one community at a time,” he was quoted as saying in a statement issued last Monday.
The bonds bear an interest rate of 5.75 percent per annum, payable quarterly, and are now tradable on the Philippine Dealing & Exchange Corp. .
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