SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Jun 6, 2023

2. SEC Identification Number

PW-121

3. BIR Tax Identification No.

000-438-366-000

4. Exact name of issuer as specified in its charter

BANK OF THE PHILIPPINE ISLANDS

5. Province, country or other jurisdiction of incorporation

MANILA, PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

AYALA NORTH EXCHANGE TOWER 1 AYALA AVENUE COR. SALCEDO ST. LEGASPI VILLAGE, MAKATI CITY, METRO MANILA (current business address) Postal Code 1229

8. Issuer's telephone number, including area code

8246-5902 (CorpSec Off)/ 8246-5860 (IR)

9. Former name or former address, if changed since last report

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10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common	4,539,018,015

11. Indicate the item numbers reported herein

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The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Bank of the Philippine IslandsBPI

PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Clarification of News Article

Source	Business World (Online Edition)
Subject of News Report	BPI eyes $200-million syndicated term loan facility
Date of Publication	Jun 6, 2023

Clarification of News Report
We write in reply to your request for clarification on the news article entitled "BPI eyes $200-million syndicated term loan facility" posted in Business World (Online Edition) on June 6, 2023. The article reported in part that: “BANK of the Philippine Islands (BPI) is looking to secure a syndicated term loan facility worth at least $200 million to partly refinance $600 million in debt maturing in September, it said on Monday. The Ayala-led bank said the loan could be upsized to $300 million if the offer is oversubscribed, according to the indicative term sheet and timeline for the loan. BPI is eyeing a three-year maturity term for the loan, with an offer term of two months after the loan has been made official. The Hongkong and Shanghai Banking Corp. Ltd., Singapore Branch (HSBC) and Standard Chartered Bank (Singapore) Ltd. will be the mandated lead arrangers, bookrunners and underwriters for the loan. BPI is looking to have the loan signed on July 12, and to have the participating banks commit on either June 30 or during the week of July 3. ‘We mandated a few weeks ago but only just recently launched. We just had the call with participating banks yesterday,’ BPI Chief Finance Officer and Chief Sustainability Officer Eric Roberto M. Luchangco told reporters on Friday. . . . . “ Bank of the Philippine Islands (“BPI” or the “Bank”) confirms the subject news article that the Bank is looking to secure a syndicated dollar term loan facility to partly refinance the maturing debt in September.
Other Relevant Information
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