Green finance work at a bank of the Philippines

By | October 15, 2019

BPI Capital Corporation President Rhoda “Chiqui” Huang was rapturous as she reported to her board late last month.
BPI Capital, an entirely owned subsidiary of Bank of the archipelago (BPI), had acted as Joint Bookrunner and as Sole international arranger for 2 recent consecutive problems – spaced 5 days apart – of the denseness inexperienced Bonds. The first was denominated in Swiss Francs (CHF) and therefore the second in United States dollars. In late 2018, Credit European country and Union Bank of Switzerland pitched CHF Bonds as another funding supply to denseness. Last June, denseness management visited investors in Zurich and Geneva to have interaction CHF investors in an exceedingly potential inaugural group action and to introduce denseness, that is trying to diversify its capitalist base. On August 29, denseness launched its CHF 100 million biennial inexperienced bond supplying, achieving many initials: 1) first CHF-denominated bond from the Philippines, 2) initial offshore ASEAN inexperienced Bond giving by a Philippine bank, 3) initial negative-yielding bond to be issued out of the Philippines and geographic region. Huang reported that the capitalist response to BPI’s initial CHF bond was a pleasing surprise. The CHF bond was sold simply ninety minutes once the gap of the market. The CHF  100 million 2-year inexperienced Bond with success priced at MS+96.8 bps (-0.02% YTM), within the end of the initial value steerage