BPI Gives Advisory on Bond Offers
BPI – The Bank of the Philippine Islands announced the changes on the offer period of its 4th tranche of bonds under the P100 billion bond program.
When it comes to growing wealth, there are several options that you can choose from – but, be aware that most of them entail a risk. One of the most popular options many people have taken is putting up a business. There is a huge risk in it.
In engaging in a business, the possibilities stretch from two (2) far ends – you can end up doubling or making your capital multiple folds or you may also be left in debts. However, truth be told that it takes a lot to get a business not just to return the investment but to make profits from profits itself.
Aside from engaging in a business, another option is investing in the stock market. Most business tycoons do not rely on their businesses alone but they are also stockholders of several big companies in the world.
Recently, one of the biggest and most trusted banks in the Philippines, the Bank of the Philippine Island (BPI), has opened a bond offer for the public. It was worth P5 billion and is under a fixed rate. Initially, the offer period was set until January 21, 2022.
The said offer is part of the 4th tranche under the 2019 P100 billion bond program. With regards to its term and interest, it got a tenor of two (2) years and an annual interest of 2.8%. The minimum investment was set at P1,000,000.00 with a P100,000.00 additional increment.
Recently, BPI released an update regarding its bond offer. Based on a report on ABS-CBN News, the bank told the stock exchange that it is adjusting its bond offer period – instead of it ending on January 21, it will end tomorrow, January 14.
According to the bank, the decision to adjust the ending period of its offer is due to the “overwhelming demand from investors, which includes institutional investors as well as high-net-worth and retail clients”.
You may also visit – BPI LOANS: List of Loan Offers by Bank of the Philippine Islands (BPI)
