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Bank of the Philippine Islands pegged the interest rate for its 1.5-year peso-denominated fixed-rate bonds at 6.2 percent per annum.
The bank said it would use the net proceeds to finance or refinance new or existing eligible green and/or social projects as defined under BPI’s Sustainable Funding Framework1.BPI will issue and list the bonds with the Philippine Dealing and Exchange Corp. on Aug. 9, 2024. Bonds carrying the classification have been independently verified to have systems in place to ensure that proceeds raised will be directed toward projects that benefit society.
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