BPI Lists Landmark SINAG Bonds, Marks Bold Step Forward in Sustainable Finance

The Bank of the Philippine Islands (BPI) proudly announced today the successful listing of its BPI Supporting Inclusion, Nature, and Growth Bonds (the BPI SINAG Bonds) in the aggregate principal amount of P40,000,000,000 (the “Offer”) on the Philippine Dealing & Exchange Corp. (PDEx). The listing represents a pivotal moment in the Bank’s sustainability journey and sets a new record as BPI’s largest Peso bond issuance to date.

Structured with a 1.5-year tenor with an interest rate of 5.8500% p.a., paid quarterly, the BPI SINAG Bonds are fully aligned with the ASEAN Sustainability Bond Standards. The Securities and Exchange Commission (SEC) affirmed the ASEAN Sustainability Bond label for the issuance on March 17, 2025, reinforcing its alignment with recognized ESG benchmarks in the region.

Proceeds will be exclusively allocated to finance or refinance eligible green and social projects in accordance with BPI’s Sustainable Funding Framework.

“This issuance is not just a financial milestone, but an expression of our shared belief across institutional, high-net worth, and retail clients that banking can be a catalyst for positive change,” said Dino Gasmen, BPI’s Treasurer and Head of Global Markets. “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.”

The BPI SINAG Bonds also mark a significant stride in BPI’s broader ESG strategy, integrating sustainability across its business lines—from responsible lending practices to sustainable investment products. The issuance showcases the Bank’s leadership in mobilizing capital toward long-term resilience and value creation.

“BPI’s legacy as a pioneering financial institution now includes being a leader in sustainable finance,” Gasmen added. “We remain committed to developing innovative instruments that support the country’s sustainable development goals while delivering solid value to our investors.” 

BPI Capital Corporation and Standard Chartered Bank are the joint lead arrangers and selling agents of the Offer.

The 173-year-old Bank of the Philippine Islands is the first bank in the Philippines and Southeast Asia. We are licensed as a universal bank by the Bangko Sentral ng Pilipinas to provide a diverse range of financial services: deposit taking and cash management, payments, lending and leasing, asset management, bancassurance, investment banking, securities brokerage, and foreign exchange and capital markets. BPI has significant financial strength, with robust Tier 1 capital adequacy ratios and profitability, underpinned by stringent compliance and risk management regimes.