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× BPI’s sizzling peso bonds fetch P15.3B in sales

Ayala-led Bank of the Philippine Islands (BPI) has raised P15.3 billion from its first local bond foray for the year, upsizing the issuance by over five times the original to take advantage of strong market demand.

The fixed-rate bonds carry an interest rate of 4.2423 percent per annum for a tenor of two years. The issuance exceeded BPI's original target of P3 billion.

"Our bonds offer an attractive…

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