The Bank of the Philippine Islands (BPI) on Tuesday said it is looking to issue an environmental, social, and governance (ESG)-themed bond later this year, which could partly be used to refinance an obligation set to mature in July.
The Bank of the Philippine Islands on Tuesday said it is looking to issue an environmental, social, and governance -themed bond later this year, which could partly be used to refinance an obligation set to mature in July.In a press conference in Makati City, the lender said it is looking to issue ESH-themed bonds sometime this year as it cited incentives being given by the Bangko Sentral ng Pilipinas to lenders that do so.
Sought for more details, Gasmen said BPI could issue up to P50-billion worth of bonds, but the challenge would be coming up with the ESG assets.“I think 50 billion is possible pero like I said, if we want it to be ESG-themed, we have to come up with those ESG assets pero given this market, given how liquid it is, ako, kaya ‘yung 50 eh ,” he said.For his part, BPI president and chief executive officer Jose Teodoro “TG” Limcaoco said the bank could issue even higher than the P20.
Bank Of The Philippine Islands ESG-Themed Bonds
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bank of the Philippine Islands Offers Personal Cyber Insurance for Debit CardholdersBank of the Philippine Islands (BPI) is offering its debit cardholders a personal cyber insurance (PCI) to protect their daily transactions made using BPI debit cards. The insurance can be availed for P700 annually and offers tailored coverage options. BPI aims to ensure the peace of mind of its debit cardholders with the introduction of PCI.
Read more »
BPI to hold annual stockholders meeting on April 23Notice is hereby given that the annual meeting of stockholders of Bank of the Philippine Islands (BPI) will be conducted virtually on April 23.
Read more »
UNO Digital Bank, Singlife team up to offer insuranceDefining the News
Read more »
The trilateral boost and Recto Bank'We are heading to a new normal in the West Philippine Sea'
Read more »
Union Bank announces P17-B stock rights offeringUnion Bank disclosed that it plans to conduct a stock rights offering to sell 450,204,078 UBP common shares to existing UBP shareholders at a price somewhere between P33.73 and P38.23 per share.
Read more »
World Bank wants tax system fully digitalizedWashington-based World Bank has committed to aid the Philippines in improving tax collections by taking advantage of digitalization initiatives.
Read more »