C06653-2024

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)
Oct 18, 2024
2. SEC Identification Number
PW-686
3. BIR Tax Identification No.
000-263-340-000
4. Exact name of issuer as specified in its charter
PHILIPPINE BANK OF COMMUNICATIONS
5. Province, country or other jurisdiction of incorporation
PHILIPPINES
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
PBCOM Tower 6795 Ayala Avenue, corner V.A. Rufino St., Makati City Postal Code 1226
8. Issuer's telephone number, including area code
(632) 8830-7000
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 480,645,163
11. Indicate the item numbers reported herein
Item No. 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.

Philippine Bank of CommunicationsPBC

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

PBCOM Shortens Offer Period for Maiden Peso Bond Issue Amid Strong Investor Demand

Background/Description of the Disclosure

Philippine Bank of Communications (“PBCOM”) has successfully concluded its maiden Peso bond offering ahead of schedule, closing more than a week early due to robust investor demand. Initially set to run from October 14 to October 28, the offering attracted strong interest from both retail clients and a diverse mix of institutional investors.

The Series A bonds which have a tenor of one-and-a-half years and a fixed interest rate of 6.0796% per annum, represent the first tranche under PBCOM’s PhP15 Billion Peso Bond Programme. The Bonds are scheduled to be issued and listed on the Philippine Dealing & Exchange Corporation (PDEx) on 05 November 2024.

Proceeds from the Bond issuance will be utilized for general corporate purposes, including refinancing debt obligations, diversifying funding sources and supporting loan growth.

ING Bank N.V. Manila Branch (“ING”) served as the Sole Arranger and Bookrunner, with both PBCOM and ING acting as selling agents.


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Other Relevant Information

Please see attached for the press release and SEC Current Report.

Filed on behalf by:
Name Michael Stephen Lao
Designation Corporate Secretary