BPI eyes return to debt markets in 1st half
The Philippine Star|February 10, 2024
Bank of the Philippine Islands (BPI) is looking to tap the local and foreign debt markets within the first half of the year to raise funds to refinance its maturing obligations and beef up its lending portfolio.
LAWRENCE AGCAOILI

In an interview with reporters, BPI chief finance and sustainability officer Eric Luchangco said the Ayala-led bank is looking at returning to the offshore bond market to refinance $300 million worth of bonds set to mature in September.

"We will do the bond this year. That's the most likely way we're going to refinance because we have maturity in September. It's just a matter of finding the right time for that. We're still looking sometime in the coming months," Luchangco said.

He said the planned offshore bond issuance won't be later than the second quarter.

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