PROJECT

Projects

Summary of Investment Information

Project Number

47671

Company Name

BANK OF THE PHILIPPINE ISLANDS

Date SPI Disclosed

Aug 9, 2023

Country

Philippines

Region

East Asia and the Pacific

Projected Board Date

Jun 20, 2023

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Aug 27, 2023

Department

CF4S4 - Regional Industry - FIG Asia & Pac/FIG Inv Ops East Asia & Pacific

Industry

Financial Markets

Previous Events

Approved : Jun 20, 2023
Signed : Jul 19, 2023
Invested : Aug 25, 2023

Sector

Commercial Banking - General

Additional Project Attributes

Blended Finance

Project Description

International Finance Corporation (“IFC”) is considering an investment in a green bond (“Bond”) of up to US$250 million to be issued by Bank of the Philippine Islands (“BPI” or the “Bank”). The Bond is aligned with International Capital Market Association’s (ICMA) Green Bond Principles (GBP). This issuance will be the third green bond to be issued by BPI. 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation