Metropolitan Bank & Trust Company (“Metrobank”) announced today that its offering of
Peso-denominated SEC registration-exempt fixed-rate bonds (the “Bonds”) will close
ahead of schedule due to strong demand.
The bond offer will end on October 17, 2022, ahead of the initial October 19, 2022 date
previously set. The Bonds have a tenor of one and a half (1.5) years and an interest rate
of 5.0% p.a., in an aggregate principal of Php10.0 billion, with an option to upsize.
Proceeds will be used for general working capital needs.
The Bonds are intended to be issued and listed on the Philippine Dealing Exchange
(“PDEx”) on October 28, 2022.
The issuance is part of Metrobank’s increased Php200.0 billion Bond and Commercial
Paper Program, as approved by its Board of Directors last 15 December 2021.
First Metro Investment Corporation (“FMIC”), ING Bank N.V., Manila Branch (“ING”), and
Standard Chartered Bank (“SCB”) are the Joint Lead Managers and Joint Bookrunners
of the offer. Metrobank, together with FMIC, ING, and SCB, are the Selling Agents of this
issuance.
Interested investors may visit any Metrobank branch or contact any of the Selling Agents.