Exploring alternatives in funding
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 allows for funding cost efficiencies while offering 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
Php Bond and LTNCTD Issuances
| Issuances description | Amount issued (in Bn) | Maturity date | Coupon rate | Offering circulars and pricing supplements |
|---|---|---|---|---|
| BPI Fixed Rate Bonds due 2025 | PHP 36.7 | May 13, 2025 | 6.425% | |
| BPI SEED Bonds due 2026 | PHP 33.7 | February 9, 2026 | 6.20% |
Foreign Currency Bond Issuances
| Issuances description | Amount issued (in Mn) | Maturity date | Coupon rate | Offering circulars and pricing supplements |
|---|---|---|---|---|
| USD Bonds due 2029 | USD 400.00 | March 26, 2029 | 5.25% | Offering circular of US $3Bn MTN Program
|
| USD Bonds due 2030 | USD 500.00 | April 7, 2030 | 5.00% | Offering circular of US $3Bn MTN Program
Offering circular supplement of US $3Bn MTN Program
|
| USD Bonds due 2035 | USD 300.00 | April 7, 2035 | 5.625% | Offering circular of US $3Bn MTN Program
Offering circular supplement of US $3Bn MTN Program
|
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 undertaken in recent years.
Stock Rights Offering (SRO)
| Listing date | Size | New common shares | Ratio | Offer price |
|---|---|---|---|---|
| May 4, 2018 | Php 50 billion | 558,829,210 | 1:7:0594 common shares held | Php 89.50 |
| February 10, 2014 | Php 25 billion | 370,370,370 | 1:9:602 common shares held | Php 67.50 |
| August 23, 2010 | Php 10 billion | 307,692,307 | 1:10:555 common shares held | Php 32.50 |
Related information
Share Information
Bank of the Philippine Islands common shares are listed in the Philippine Stock Exchange.
Credit Ratings
Our credit ratings are at par with Philippine Sovereign Rating.
Investor Presentations
Information on the company is shared regularly with the investing public.
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