The LTNCTDs were also listed on the Philippine Dealing Exchange Corp. (PDEx), the first instrument listed by BPI on the fixed income exchange. “This reflects the confidence of investors in BPI,” BPI President and Chief Executive Officer Cezar Consing said in a statement. This issuance is the first tranche of the P30 billion LTNCTD issuance program approved by the Bangko Sentral ng Pilipinas (BSP) for BPI. In addition to supporting its expansion plans, the issuance will diversify its funding sources while offering investors an attractive investment instrument, BPI said. ING Bank N.V., Manila Branch was tapped as the sole arranger for this issue and also acted as selling agent together with BPI Capital Corp. and BPI.

Source: Manila Times November 24, 2017 17:03 UTC