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)

Oct 26, 2023

2. SEC Identification Number

36073

3. BIR Tax Identification No.

000-508-271-000

4. Exact name of issuer as specified in its charter

UNION BANK OF THE PHILIPPINES

5. Province, country or other jurisdiction of incorporation

METRO MANILA

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

UNIONBANK PLAZA, MERALCO AVENUE CORNER ONYX STREET, ORTIGAS CENTER, PASIG CITY Postal Code 1605

8. Issuer's telephone number, including area code

(02) 8841-8600

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

N/A

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	2,353,746,590

11. Indicate the item numbers reported herein

ITEM 9 - OTHER EVENTS

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.

Union Bank of the PhilippinesUBP

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
PHP Bonds Program Update
Background/Description of the Disclosure
On October 25, 2023, Union Bank of the Philippines (the “Bank”) completed the update of its PHP Bonds Program increasing the Program size to Fifty Billion Pesos (PHP50.0 Billion). The increase in the Bank’s PHP Bonds Program was approved by its Board of Directors last March 24, 2023. The Bank’s Bonds Program was initially established on April 26, 2019 with an original size of Thirty-Nine Billion Pesos (PHP39.0 Billion). With the updated PHP Bonds Program, the Bank may, from time to time, issue, offer and sell the remaining balance of unissued and non-outstanding unsecured and unsubordinated PHP-denominated Bonds in such form, amount, tenor, number of tranches, at such interest rate, and under such other terms and conditions as the Bank may subsequently determine or approve. Details regarding each issuance or each tranche shall be disclosed at the appropriate time.
Other Relevant Information
N/A