Update on BPI Bonds 4th Tranche Availability, Listing Period
BPI BONDS – The Bank of the Philippines Islands starts offers for P5 billion fixed-rate bonds which comprises its fourth tranche.
More and more Filipinos now are looking for ways of growing their money instead of just keeping it in their bank accounts. Some engage in business – which is undeniably a big risk most especially amid the pandemic now. Several businesses that have stood for years were shut down by the current situation.
Meanwhile, there are also those that continued to stay afloat or even worked better amid the situation. It really needs careful planning, enough resources, and total readiness.
In other cases, some individuals are pushing to grow their money through investing in the stock market and bonds. Currently, there are up to P5 billion worth of BPI bonds available.
The Bank of the Philippine Islands is one of the trusted and the biggest banks in the country. Many people are actually investors or stockholders of the said banking company.
Based on a report on ABS-CBN News, the bank has opened up to P5 billion BPI bonds that are offered starting today, January 6, 2022, until January 21, 2022. The listing date is on January 31, 2022.
The BPI bonds offered which are fixed-rate are part of the fourth tranche which is also part of the 2019 P100 billion bond program. The said bonds have a 2-year tenor and an annual interest of 2.8%. According to the bank, the minimum investment is P1,000,000.00 with P100,000.00 additional increments.
BPI treasure Dino Gasmen said that the proceeds of the offers will be used for refinancing purposes and as well as general corporate purposes like the bank’s digitalization. The bank is “confident and hopeful” for the continued support of the investors on their initiatives to raise funds for the projects.
You may also visit – BPI LOANS: List of Loan Offers by Bank of the Philippine Islands (BPI)