October 26, 2026San Miguel Corporation affiliate Bank of Commerce (BankCom) has started the public offer of its dual-tranche fixed rate bonds due 2028 (Series E Bonds) and fixed rate bonds due 2029 (Series F Bonds), with a minimum aggregate issue size of ₱5 billion with an oversubscription option. The bonds will be issued as the fourth tranche of BankCom’s updated ₱80 billion Peso Bond Programme. The Series E Bonds have a tenor of one and a half (1.5) years and a fixed interest rate of 6.9882% per annum. The Series F Bonds have a tenor of three (3) years and a fixed interest rate of 7.6563% per annum. Interest and will be payable quarterly in arrear. The minimum investment amount is ₱100,000 with increments of ₱50,000 thereafter. The public offer period will run from 26 October until 4 November 2026 5:00 p.m., subject to BankCom’s right to extend or shorten the offer period. The Series E Bonds and Series F Bonds are expected to be issued and listed on the Philippine Dealing & Exchange Corp. (PDEx) on 11 November 2026. Proceeds from the issuance will be used for management of the bank’s balance sheet, diversification of funding sources, and general corporate purposes. For the six months ended 30 June 2026, BankCom reported a net income of ₱2.11 billion, 13% higher compared to the same period in 2025. BankCom also achieved record-high post-IPO profitability, with ROE of 11.56% and ROA of 1.47%, driven by strong core banking performance and client-related foreign exchange gains. BankCom appointed ING Bank N.V., Manila Branch (ING), Philippine Commercial Capital, Inc. (PCCI Capital), Security Bank Capital Investment Corporation (Security Bank Capital), and Standard Chartered Bank (SCB) as Joint Lead Arrangers and Joint Bookrunners for this issuance. BankCom is also acting as a Selling Agent for the offering, together with ING, PCCI Capital, Security Bank Capital, and SCB. THE BONDS ARE SECURITIES EXEMPT FROM REGISTRATION UNDER SECTION 9.1(E) OF THE SECURITIES REGULATION CODE AND ACCORDINGLY, WILL NOT BE REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION. THE BONDS ARE NOT DEPOSIT INSTRUMENTS AND ARE NOT INSURED BY THE PHILIPPINE DEPOSIT INSURANCE CORPORATION. About BankCom An affiliate of San Miguel Corporation (SMC) since 2008, Bank of Commerce is a publicly-listed universal bank focused on helping its clients, communities and conglomerate partners by delivering the best choice of financial services harnessing the strengths of the SMC Group. BankCom traces its origins to the Overseas Bank of Manila which opened in Binondo, Manila which opened in Binondo, Manila in 1963 but is now identified by its logo bearing the SMC symbols of escudo and cloverleaf. As of June 30, 2026, BankCom posted a net income of ₱2.11 billion, 13% higher than the ₱1.86 billion in the same period last year. The Bank maintains a network of 144 branches – inclusive of the main branch, 139 regular branches, and 4 branch lite units – and 287 automated teller machines (ATMs) and cash kiosks, strategically located nationwide as of September 30, 2026.