C05352-2024

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)
Aug 9, 2024
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
22/F-28/F AYALA TRIANGLE GARDENS TOWER 2, PASEO DE ROXAS COR. MAKATI AVE., BEL-AIR, MAKATI CITY Postal Code 1226
8. Issuer's telephone number, including area code
(632)8663-6525(CORP SEC OFFICE)/(632)8663-6733(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 5,272,095,143
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.

Bank of the Philippine IslandsBPI

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

BPI Successfully Lists Php 33.7 Billion SEED Bonds

Background/Description of the Disclosure

BPI Successfully Lists Php 33.7 Billion SEED Bonds

MAKATI CITY, Philippines – On August 9, 2024, the Bank of the Philippine Islands (“BPI”, the “Bank” or the “Registrant”) issued and listed Peso-denominated fixed-rate BPI Sustainable, Environmental, and Equitable Development Bonds due 2026 (“BPI SEED Bonds”), in the aggregate principal amount of Php 33,700,000,000.00, comprising the third tranche of the Bank’s Php 100 Billion Bond Program, approved by its Board of Directors on May 18, 2022 (the “Offer”).

The BPI SEED Bonds mark the Bank’s largest thematic bond issuance to date. In the wake of robust demand for the BPI SEED Bonds across institutional, high net worth, and retail clients, the final issue size thereof was increased by 6.7 times the initial issue size of Php 5.0 Billion. This landmark offering is also BPI’s first foray in the sustainable bond format. BPI will use the net proceeds of the Offer to finance or refinance new or existing Eligible Green and/or Social Projects as defined under, and consistent with, BPI’s Sustainable Funding Framework.

“BPI is committed to integrating sustainability in how we do business. The net proceeds from BPI SEED Bonds will enable us to foster sustainable development that will contribute to building a better, more resilient Philippines,” said BPI Treasurer Dino Gasmen.

The BPI SEED Bonds, now tradable on the Philippine Dealing & Exchange Corp., have a term of 1.5 years and bear an interest rate of 6.2000% per annum, payable quarterly.

BPI Capital Corporation and Standard Chartered Bank served as the Joint Lead Arrangers and Selling Agents of the Offer.

THE BONDS REFERRED TO HEREIN ARE SECURITIES EXEMPT FROM REGISTRATION UNDER SECTION 9.1(E) OF THE SECURITIES REGULATION CODE AND WILL ACCORDINGLY NOT BE REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION. THE BONDS ARE NOT DEPOSIT INSTRUMENTS AND ARE NOT INSURED BY THE PHILIPPINE DEPOSIT INSURANCE CORPORATION.

Other Relevant Information

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Filed on behalf by:
Name Maria Lourdes Gatmaytan
Designation Corporate Secretary