2 weeks BPI plans to issue PH’s first COVID bonds MB |Biz
By James A. Loyola The planned issuance of the country’s first COVID Action Response Bonds (CARE Bonds) by Bank of the Philippine Islands (BPI) has been qualified by the Securities and Exchange Commission as Social Bonds under the ASEAN Social Bonds Standards in the Philippines. BPI said proceeds from the issuance will be used to finance or refinance eligible Micro, Small and Medium Enterprises (MSMEs) under the Bank’s recently established Sustainable Funding Framework. This is in recognition of the significant contribution of MSMEs to the Philippine economy and as a direct response to their needs as one of the ... more