BPI stays committed to RE financing

Ayala-led Bank of the Philippine Islands’ (BPI) supporting inclusion, nature, and growth (SINAG) bonds now hold the record as the largest peso bond issuance to date.

- By GABRIELL CHRISTEL GALANG

In a listing ceremony on Tuesday, June 10, BPI SINAG bonds were officially listed on the Philippine Dealing & Exchange Corp. (PDEx) with a total principal amount of P40 billion. The bonds are structured with a 1.5-year tenor and carry an interest rate of 5.85 percent per annum, to be paid quarterly.

According to BPI, the proceeds will be utilized to finance or re-finance eligible green and social projects as part of its sustainable funding framework.

Dino Gasmen, BPI’s treasurer and head of global markets, explained that this move would further push sustainability in projects, as he said that, “The enthusiastic response to the BPI SINAG bonds reflects a growing alignment between capital markets and sustainability. We are honored by the trust placed in us and excited to channel these funds into projects that directly benefit communities and the environment.”

Moreover, the issuance highlights BPI’s commitment to mobilizing capital toward long-term resilience and value creation.

In an ambush interview, Gasmen further explained that proceeds from SINAG bonds are partly to exercise refinancing activities.