Bank of the Philippine Islands said Monday it is planning to issue US-dollar denominated senior unsecured debt securities.
BPI Capital along with joint lead arrangers J.P. Morgan Securities Plc, Mizuho Securities Asia Limited, Standard Chartered Bank and UBS AG Singapore Branch were set to arrange a series of fixed income investors meeting starting March 18, the bank said.The notes, which are expected to be rated Baa2 by global debt watcher Moody’s, will come from BPI’s $2-billion medium term note program.
Minus the impact of the one-off gain from the 2022 property sale, net income would be higher by 44.1 percent.
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