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)

Jul 13, 2022

2. SEC Identification Number

24221

3. BIR Tax Identification No.

000-440-440-00

4. Exact name of issuer as specified in its charter

Bank of Commerce

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

San Miguel Properties Center Bldg. #7 St. Francis Street Ortigas Center Mandaluyong Postal Code 1550

8. Issuer's telephone number, including area code

(632) 982-6000

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 Stocks	1,403,013,920

11. Indicate the item numbers reported herein

Item 9

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 CommerceBNCOM

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
Bank of Commerce shortens maiden peso bond offering due to overwhelming demand
Background/Description of the Disclosure
San Miguel Corporation (SMC) affiliate Bank of Commerce (“BankCom” or the “Bank”) has decided to shorten the public offer period of its maiden peso bond issuance (“Series A Bonds” or the “Bonds”) due to overwhelming demand from institutional and retail investors. The Bank decided to end the offer period on 12 July 2022 instead of 22 July 2022. BankCom priced its 2-year Series A Bonds on 08 July 2022 at 5.0263% per annum with a target issue size of PHP 3 billion and an oversubscription option. Proceeds from the Bonds are intended for (1) managing the Bank’s net interest margin by matching long-term assets with long-term funding to reduce the Bank’s interest rate risk; (2) diversifying funding sources; and (3) general corporate purposes.
Other Relevant Information
N/A