SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Feb 1, 2023

2. SEC Identification Number

PW-121

3. BIR Tax Identification No.

000-438-366-000

4. Exact name of issuer as specified in its charter

BANK OF THE PHILIPPINE ISLANDS

5. Province, country or other jurisdiction of incorporation

MANILA, PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

AYALA NORTH EXCHANGE TOWER 1 AYALA AVENUE COR. SALCEDO ST. LEGASPI VILLAGE, MAKATI CITY, METRO MANILA (current business address) Postal Code 1229

8. Issuer's telephone number, including area code

8246-5902 (CorpSec Off)/ 8246-5860 (IR)

9. Former name or former address, if changed since last report

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10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common	4,513,128,255

11. Indicate the item numbers reported herein

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The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Bank of the Philippine IslandsBPI

PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Clarification of News Article

Source	Business World (Online Edition)
Subject of News Report	BPI looking to issue dollar bonds next quarter
Date of Publication	Jan 31, 2023

Clarification of News Report
We write in reply to your request for clarification on the news article entitled “BPI looking to issue dollar bonds next quarter” posted in Business World (Online Edition) on January 31, 2023. The article reported in part that: “BANK of the Philippine Islands (BPI) is looking to issue dollar bonds in the second quarter to help refinance $600 million in debt papers maturing this year. ‘I think we’re done on the peso side. We are looking at possibly doing a dollar bond sometime later this year as we have a dollar bond that’s maturing. So, we’ll be just refinancing that,’ BPI President and Chief Executive Officer Jose Teodoro ‘TG’ K. Limcaoco said in an interview with ANC on Monday. Mr. Limcaoco said the size of the dollar bond offer has yet to be decided. ‘Currently, we’re looking at all our options because we could do it via club loan or we could do it via another bond issuance,’ BPI Treasurer and Global Markets Head Dino R. Gasmen told reporters on the sidelines of the listing event for its recent peso bond issuance on Monday. ‘We’re still deciding whether we will go with a fixed or a floater, or a mix of the two. We’re also deciding what the tenor will be. Nothing has been decided yet, but we are sure that we are going to refinance maybe a portion of it, maybe the whole thing,’ Mr. Gasmen added. He said the offering could be done in the second quarter. ‘Last offshore [issuance] was 2019 when we issued the Swiss bonds, which has since matured. So, after the $600 million, there’s another $300-million bond maturing next year, also in September,’ he said." Bank of the Philippine Islands ("BPI") confirms the subject news article that a possible dollar bond issuance is being considered as a source of funding. Notwithstanding the confirmation, please be informed that there is nothing definite yet with respect to future bond issuances as we continue to monitor market conditions.
Other Relevant Information
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