Green Bond Fact SheetBank of the Philippine Islands

Date: 19/09/2019

Issue date: 10-09-2019 Maturity date: 10-09-2024 Tenor:5
Issuer NameBank of the Philippine
IslandsAmount Issued

USD300m

Country of risk

Philippines

CBI Database

Included

Issuer Type1

Financial corporate

Bond Type

Senior unsecured

Green Bond Framework

Link to Green BondFramework

Second party opinion

Certification Standard

Not certified

Assurance report

N/A

Certification Verifier

N/AGreen bond rating

N/A☒ Energy☐ Solar☐ Onshore wind
☐ Offshore wind
☐ Geothermal☐ Hydro☐ Tidal☐ Biofuels☐ Bioenergy☐ District heating☐ Electricity grid

☐ Energy storage☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☒ Buildings☐ Certified Buildings☐ HVAC systems☐ Energyperformance☐ Water performance☐ Energy storage/meters☐ Other energy related☐ Industry: components☐ Adaptation & resilience☐ Transport☐ Electric vehicles☐ Low emission
vehicles☐ Bus rapid transit☐ Passenger trains☐ Urban rail

☐ Freight rolling stock☐ Coach / public bus☐ Bicycle infrastructure☐ Energy performance☐ Transport logistics☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☒ Water & wastewater☐ Water distribution☐ Water treatment☐ Wastewatertreatment☐ Water storage☐ Storm water mgmt
☐ Flood protection☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience

Sustainalytics

Use of Proceeds☒ Waste management☐ Recycling☒ Waste prevention☒ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Waste to energy☐ Industry: components☐ Adaptation & resilience☐ Land use & agriculture☐ Afforestation/parks☐ FSC Forestry☐ FSC Cellulose &paper☐ Land remediation☐ Energy/water efficiency☐ Sustainable agriculture☐ Adaptation & resilience☐ Other☐ Adaptation &resilience☐ ICT☐ Industry: process

Issue details
ReportingIssuer information

The allocation report will be included in the annual Integrated and Sustainability Report andis intended to be externally audited. It will contain information such as a list of eligible green
projects, allocated amounts and unallocated proceeds. If applicable there will also be an
impact report of the outcomes of the green projects through KPIs such as GHG emissions
reduced or avoided and buildings certification levels.
The Bank of the Philippine Islands (BPI), founded in 1851 and based in Makati City, provides
commercial banking services. Products include debit and credit card systems amongstothers. BPI is a market leader in sustainable energy finance and has an extensive
sustainability strategy in place.

Firsts, records andcertifications
Proceeds description

Climate Bonds view

There are five eligible categories for the use of proceeds: Renewable Energy, Energy
Efficiency, Sustainable Water & Wastewater Management, Pollution Prevention & Controland Green Buildings. Eligible buildings criteria are based on certification schemes such as
LEED “Gold”.
We welcome the Bank of the Philippine Islands to the green bond market with its two
debut issues in September. Issuing two bonds in CHF and USD, the USD deal is the largest
deal issued by a financial corporate in the Philippines so far.

Underwriters
Deal comments

1Credit Rating

Baa2 (Moody’s)

Pricing summary•••

Investors summary

The offering was four times oversubscribed with orders mainly going to Asia as well as
Europe. Major investors were asset managers and fund managers followed by banks,financial institutions and private banks. The remainder went to insurance companies andpension funds.

Yield: 2.577 %Coupon: 2.500%
Price: 99.641%

Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government, non-financial
corporate, sovereign