General Announcement::Establishment of 2022 PHP Bond and Commercial Paper Program

Issuer & Securities

Issuer/ Manager
BANK OF THE PHILIPPINE ISLANDS
Securities
BANKOFPHILIS US$600M4.25%N2309 - XS1841618421 - FNDB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
19-May-2022 14:00:38
Status
New
Announcement Sub Title
Establishment of 2022 PHP Bond and Commercial Paper Program
Announcement Reference
SG220519OTHR7M4T
Submitted By (Co./ Ind. Name)
Maria Ramona O. Ang
Designation
Investor Relations Officer
Description (Please provide a detailed description of the event in the box below)
Please be advised that on 18 May 2022, the Board of Directors of Bank of the Philippine Islands (BPI) approved the issuance of up to Php100 Bn in peso-denominated bank bonds and commercial papers under a new PHP Bond and Commercial Paper Program following full utilization of the Bank s Bank Bond program previously established in 2019. Actual issuance of bonds and commercial papers under the Program shall be subject to market conditions and shall be determined by requirements of the Bank s business.

The objective of the Program is to diversify the Bank s funding sources and support, when possible, the Bank s sustainability strategy.

The ff. regulators have also been duly informed of the same:
1. Philippine Stock Exchange (PSE)
https://edge.pse.com.ph/openDiscViewer.do?edge_no=146f81f1a9385f0d3470cea4b051ca8f
2. Philippine Dealing and Exchange Corporation (PDEx)

Attachments

SEC 17C - Results of Regular Board Meeting 05182022.pdf
Total size =437K