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Capital Market Issuances


The evolving regulatory landscape has presented BPI with alternative funding opportunities. With lower reserve requirements on bond issuances vis-à-vis peso deposits, we continue to explore issuances in the domestic and foreign debt markets as opportunities arise. This allwos for funding cost efficiencies while offiering our clients attractive investment opportunities.


Listed below are the Bank's outstanding capital market issuances, traded in various organized local and international exchanges.



Debt Capital Markets


Despite the lockdowns in 2020, there was strong demand from debt capital markets which led to the successful completion of our three bond issuances, all denominated in peso, including the country's first social bonds.


Php Bond and LTNCTD Issuances

Issuances Description
Amount Issued (in Bn)Maturity DateCoupon RateOffering Circulars and Pricing Supplements
LTNCTD due 2023Php 12.24May 24, 20233.75%Offering Circular of LTNCTD due 2023
LTNCTD due 2025Php 3.12April 25, 20254.00%Offering Circular of LTNCTD due 2025
Php Bonds due 2024
Php 27.00January 31, 20242.81%

Offering Circular of Php Bank Bond Program


Pricing Supplement of Php CARE Bonds due 2024


Foreign Currency Bond Issuances

Issuances DescriptionAmount Issued (in Mn)Maturity DateCoupon RateOffering Circulars and Pricing Supplements
USD Bonds due 2023USD 600.00September 04, 20234.25%

Offering Circular of EMTN Program


Pricing Supplement of USD Bonds due 2023

USD Green Bonds due 2024
USD 300.00September 10, 20242.50%

Offering Circular of EMTN Program


Pricing Supplement of USD Green Bonds due 2024



Equity Capital Markets


In May 2018, BPI raised Php 50 billion from a stock rights offering, the largest capital market issuance undetaken by the Bank. We had never before raised amounts of this size in the public capital markets, which we believe is a reflection of the bold strategic initiatives that we have undetaken in recent years.


Stock Rights Offering (SRO)

Listing DateSizeNew Common SharesRatioOffer Price
May 4, 2018Php 50 billion558,659,2101:7:0594 Common Shares HeldPhp 89.50
February 10, 2014Php 25 billion370,370,3701:9:602 Common Shares HeldPhp 67.50
August 23, 2010Php 10 billion307,692,3071:10:555 Common Shares HeldPhp 32.50
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