Metropolitan Bank & Trust Company (“Metrobank”) announced today the offering of Peso-denominated SEC registration-exempt fixed-rate bonds (the “Bonds”) in an aggregate principal of Php10 billion, with an option to upsize.
The Bonds will have a tenor of one and a half (1.5) years and an interest rate of 5.0% p.a., payable quarterly, with the minimum investment amount at Php 500,000 and in additional increments of Php 100,000. The offer period will run from October 06 to 19, 2022.
The Bonds are intended to be issued and listed on the Philippine Dealing Exchange (“PDEx”) on 28 October 2022.
Proceeds will be used for general working capital needs.
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.
The issuance is part of Metrobank’s increased Php 200.0 billion Bond and Commercial Paper Program, as approved by its Board of Directors last 15 December 2021.
Interested investors may visit any Metrobank branch or contact any of the Selling Agents.
THE BONDS ARE SECURITIES EXEMPT FROM REGISTRATION UNDER SECTION 9.1 (E) OF THE SECURITIES REGULATION CODE. THE BONDS HAVE NOT BEEN AND WILL NOT BE REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION.
