{"id":328656,"date":"2024-07-31T12:28:30","date_gmt":"2024-07-31T04:28:30","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=328656"},"modified":"2024-07-31T12:33:02","modified_gmt":"2024-07-31T04:33:02","slug":"trade-the-news-bpi-shortens-offer-period-for-its-seed-bonds","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-bpi-shortens-offer-period-for-its-seed-bonds\/","title":{"rendered":"Trade the News: BPI shortens offer period for its SEED Bonds"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>Jollibee Foods Corp.<\/td><\/tr>
Stock Code<\/strong><\/td>BPI<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Hold<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 128.42<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

Following overwhelming demand of its P5-billion bonds, BPI has decided to shorten the public offer period for its 1.5-year Peso denominated fixed-rate BPI SEED Bonds from August 2, 2024 to August 1, 2024. <\/p>\n\n\n\n

In a disclosure to the Philippine Stock Exchange (PSE), the bank said strong demand came from institutional, high-net-worth, and retail clients for the BPI Sustainable, Environmental, and Equitable Development Bonds due 2026 (BPI SEED Bonds).<\/p>\n\n\n\n

It noted that while the principal amount is P5 billion, the bank has an option to upsize. The offer, which was originally set to run from July 19 to Aug. 2, 2024, will now close early on Aug. 1, 2024.<\/p>\n\n\n\n

The BPI SEED Bonds will be issued at par value, bearing an interest rate of 6.2% per annum, to be paid quarterly.<\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-328656","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/328656","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=328656"}],"version-history":[{"count":2,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/328656\/revisions"}],"predecessor-version":[{"id":328663,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/328656\/revisions\/328663"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=328656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=328656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=328656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}