General Announcement::BPI upsizes bond offer to Php 15.3Bn due to strong demand

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
24-Jan-2020 12:13:46
Status
New
Announcement Sub Title
BPI upsizes bond offer to Php 15.3Bn due to strong demand
Announcement Reference
SG200124OTHRHG5U
Submitted By (Co./ Ind. Name)
Tanglaw Lagmay
Designation
Investor Relations Officer
Description (Please provide a detailed description of the event in the box below)
Bank of the Philippine Islands (BPI) upsizes its bond offer five-fold to Php 15.3 billion from an initial target size of Php 3 billion, due to strong demand from both retail and institutional investors. The bonds have been issued, and are now tradable on the Philippine Dealing & Exchange Corp. (PDEx).

The issuance is BPI s second peso bond transaction, following its landmark Php 25 billion bond issuance in 2018.

The bonds have an interest rate of 4.2423% p.a. payable quarterly, and a tenor of two (2) years.

BPI Capital Corporation (BPI Capital) and Standard Chartered Bank, Philippine Branch (SCB), served as the joint lead arrangers of the bonds. BPI Capital was sole selling agent, while SCB was participating selling agent.



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=0b6435336848da290de8473cebbd6407
2. Philippine Dealing and Exchange Corporation (PDEx)

Attachments

BPI upsizes bond offer to Php 15.3Bn due to strong demand.pdf
Total size =193K