BPI unveils SINAG bonds, will finance green and social projects

The bonds are structured with a 1.5-year tenor.

Bank of the Philippine Islands (BPI) has successfully listed its BPI Supporting Inclusion, Nature, and Growth (SINAG) bonds, at an aggregate principal of PHP40b ($716.2m).

The Philippines’ oldest bank plans to use proceeds to finance and refinance eligible green and social projects.

The bonds are structured with a 1.5-year tenor, with an interest rate of 5.85% per annum, paid quarterly.

The Securities and Exchange Commission (SEC) of the Philippines affirmed the bonds’ ASEAN Sustainability Bond label for issuance on 17 March 2025.

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

(US$1 = PHP55.85; as of 11 June 2025, Google, from Morningstar)