5 days BPI raises P33.9B from bond issue Inquirer
Ayala-led Bank of the Philippine Islands (BPI) has raised P33.9 billion from a warmly-received bond offering that was completed before Metro Manila was locked down. In a disclosure to the Philippine Stock Exchange on Friday, BPI said it had upsized the issuance by more than six times the base offer of P5 billion, due to strong demand from institutional investors as well as high-net-worth and retail clients. The bonds - with a tenor of one and a half years and an interest rate of 4.05 percent per annum - have been issued and are now tradable on local fixed income ... more