BPI Inks $400M Syndicated Term Loan

Makati—(PHStocks)—Bank of the Philippine Islands (PSE: BPI), an acknowledged leader in Philippine banking, successfully closed and signed a $400‐million, three‐year syndicated term loan facility attracting a diverse group of Asian, European, and American lenders.

The facility is the first of its kind for BPI in the USD syndicated loan market. Following several months of syndication and documentation, the facility generated strong interest and was heavily oversubscribed, prompting the bank to upsize the amount from $250 million to $400 million. BPI intends to utilize the facility to fund strong growth in loans and investments.

Original mandated lead arrangers and bookrunners were Australia New Zealand Banking Group Limited, The Hongkong and Shanghai Banking Corporation Limited, Mizuho Bank, Ltd., and Standard Chartered Bank.

Mandated lead arrangers and bookrunners were Commerzbank Aktiengesellschaft, Hong Kong Branch; Sumitomo Mitsui Banking Corporation, Singapore Branch; United Overseas Bank Limited Acting Through Its Offshore Banking Unit of Taipei Branch; Bank of America Merrill Lynch; Hua Nan Commercial Bank, Ltd., Offshore Banking Branch and Mega International Commercial Bank Co., Ltd., Offshore Banking Branch.

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