• BPI Fixed-rate Bonds due 2024
BPI Fixed-rate Bonds due 2024
Invest in BPI Fixed-rate Bonds due 2024 for a minimum of Php 1 Mn today.
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Minimum Investment
Php 1,000,000*
Final Interest Rate

2.8068% per annum**

Interest Payments
Quarterly
Public Offer Period

January 06, 2022 to January 14, 2022

*In integral multiples of Php 100,000.00 in excess thereof
**Subject to 20% or 25% withholding tax or such other rates as may be required by law or regulations


The BPI Fixed-rate Bonds due 2024 (the “Bonds”) is a Peso-denominated Bonds issued by BPI pursuant to BSP Circular 1010 (Series 2018) and BSP Circular 1062 (Series 2019), as further clarified by BSP Memorandum No. M-2020-001. The Bonds have a tenor of 2 years. The Bonds are being offered for a minimum investment of Php 1,000,000.00, and in increments of Php 100,000.00 thereafter.


The Bonds are not deposit instruments and are not insured by the Philippine Deposit Insurance Corporation (“PDIC”).


Issuer

Bank of the Philippine Islands (“BPI”)

Issue and Ranking

Fixed rate Bonds, constituting the direct, unconditional, unsecured and unsubordinated obligations of BPI

Issue Size

Php 5 billion with option to upsize

Offer Period

January 06, 2022 to January 14, 2022 or on such days or dates as may be determined by the BPI and the Joint Lead Arrangers.

Maturity Date

January 31, 2024 or 2 years from Issue Date

Issue Date

January 31, 2022

Tenor

2 years

Issue Price

At par (or 100% of face value)

PDIC Coverage

Not applicable

Use of Proceeds

For general corporate purposes including refinancing

Joint Lead Arrangers

BPI Capital Corporation (“BPI Capital”)

The Hongkong and Shanghai Banking Corporation Limited (“HSBC”)

Sole Selling Agent

BPI Capital Corporation.

Participating Selling Agent

HSBC

Registrar, Depository and Paying Agent

Philippine Depository & Trust Corp. ("PDTC")

Trustee

Development Bank of the Philippines - Trust Banking Group

Market Maker

[Rizal Commercial Banking Corporation]

Listing

The Bonds will be listed on the Philippine Dealing & Exchange Corp. (“PDEx”). All secondary trades are to be executed on PDEx.


For more details, you may download the Offering Circular and the Pricing Supplement below.


Note: BPI and the Joint Lead Arrangers reserve the right to revise the timetable at any time

Quick guide

How to invest through BPI Asset Management and Trust Corporation (BPI AMTC)

1. Visit any BPI branch during the Public Offer Period and request for the forms to invest in BPI Fixed-rate Bonds due 2024. Be sure to bring one (1) valid government-issued I.D.
2. Fill out all the necessary details and submit the complete documentary requirements.
3. Give the cash to be invested to the branch personnel. If it will be debited from your account, please make sure that your account is funded.


Interested investors may visit any BPI branch or contact BPI Capital at (02) 8246-5166, (02) 8246-6154, or (02) 8246-5145.

BPI Php 100 Bn Bond Program
Receive fixed interest payments for your medium to long term goals with this low-risk investment.
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Related information
Downloadable files

Disclaimer

The bonds referred to in this communication are securities exempt from registration under section 9.1(e) of the securities regulation code and will accordingly not be registered with the securities and exchange commission. Furthermore, the bonds are not deposit instruments and are not insured by the philippine deposit insurance corporation (“PDIC”).

This announcement is subject to change/completion and is not an offer for sale of the Bonds or a solicitation of an offer to buy the Bonds. Prospective investors should refer to the Offering Circular dated January 13, 2020 and the Preliminary Pricing Supplement as may be amended or qualified by the Final Pricing Supplement (together, the “Pricing Supplement”) for full details on the issue. BPI and the Joint Lead Arrangers reserve the right to adjust the Offer Period and the Issue and Listing Date. All terms are subject to the Offering Circular and Pricing Supplement.

This does not purport to, and does not, contain all of the information that may be required to evaluate factors relevant to a recipient making any investment decisions. Each recipient should make its own independent appraisal of, and investigation into, the financial condition, risks, creditworthiness, affairs, status and nature of BPI as the basis of any investment decision.
None of the information should be interpreted as investment advice of any kind and should not be used as the basis for any financial decision to invest in the Bonds or any securities or participation in any transaction. No warranty or representation, express or implied, is given as to the accuracy or completeness of that information. In no event will BPI, its affiliates, any of the Joint Lead Arrangers, the Sole Selling Agent or the Participating Selling Agent, nor any of their respective directors, employees or advisors accept any liability with regard to the information contained herein.