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)

May 23, 2022

2. SEC Identification Number

36073

3. BIR Tax Identification No.

000-508-271-000

4. Exact name of issuer as specified in its charter

UNION BANK OF THE PHILIPPINES

5. Province, country or other jurisdiction of incorporation

METRO MANILA

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

UNIONBANK PLAZA, MERALCO AVENUE CORNER ONYX STREET, ORTIGAS CENTER, PASIG CITY Postal Code 1605

8. Issuer's telephone number, including area code

(02) 8667-6388

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

N/A

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	2,142,106,764

11. Indicate the item numbers reported herein

ITEM 9 - OTHER EVENTS

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.

Union Bank of the PhilippinesUBP

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Press Release entitled "UnionBank announces first-ever digital peso bond offering"
Background/Description of the Disclosure
Union Bank of the Philippines (UnionBank) announced today the start of its public offer of digital peso bonds, with a minimum issue size of PHP1 billion. The offering is the first digital bond issuance in the Philippines, a result of UnionBank's partnership with the Phil. Depository & Trust Corp. (PDTC) to be a pilot user of PDTC's Proof of Concept (POC) Digital Registry & Digital Depository that utilize Distributed Ledger (DL) / Blockchain Technology for registry and depository operations. UnionBank will issue the digital bonds from its existing ¿39 billion Bonds Program. The bonds have a tenor of 1.5 years and a fixed rate of 3.25% per annum. The public offer period will start from 23 May 2022 and end on 27 May 2022.* At issuance on 02 June 2022, the bonds shall also be listed on the Phil. Dealing & Exchange Corp. (PDEx) for trading in the PDEx Fixed Income Market. The Hongkong and Shanghai Banking Corporation Limited (HSBC) and Standard Chartered Bank (SCB) are the Joint Lead Arrangers and Bookrunners on the transaction. They are also the Selling Agents for the offering together with UnionBank. *HSBC, SCB and UnionBank reserve the right to adjust the offer period as needed. THE SECURITIES REFERRED TO HEREIN HAVE NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION UNDER THE SECURITIES REGULATION CODE (SRC). ANY FUTURE OFFER OR SALE OF THE SECURITIES IS SUBJECT TO THE REGISTRATION REQUIREMENTS UNDER THE SRC UNLESS SUCH OFFER OR SALE IS MADE UNDER CIRCUMSTANCES IN WHICH THE SECURITIES QUALIFY AS EXEMPT SECURITIES OR SUCH OFFER OR SALE QUALIFIES AS AN EXEMPT TRANSACTION.
Other Relevant Information
Please refer to the attached Press Release.