Money

Ayalas plan P50B bond float for BPI

This bank took the cue from simpler central bank rules.

This bank took the cue from simpler central bank rules.

The Bank of the Philippine Islands (BPI) joined the fundraising party as it announced a new method for raising additional funding.

BPI told the Philippine Stock Exchange that its board of directors has approved a P50 billion bond and commercial program.

This will supplement the bank’s capital-raising strategies ahead of additional funding requirements.

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