The Bank of the Philippine Islands (BPI) is raising at least P5 billion through the issuance of fixed-rate bonds to boost its lending portfolio especially for micro, small and medium enterprises (MSMEs) in the Philippines.
BPI will issue BPI Reinforcing Inclusive Support for MSMEs Bonds (BPI RISE Bonds) with a tenor of 1.5 years, which will be due by 2024.
Proceeds from the issuance will be allocated to finance or refinance businesses under the MSMEs that are consistent with its Sustainable Funding Framework.
