Metropolitan Bank & Trust Company (Metrobank) announced today the offering of a Peso-denominated SEC registration-exempt fixed-rate bond offering (the “Bonds”) in an aggregate principal of Php 10 billion, with the option to upsize.
The Bonds will have a tenor of five and a quarter (5.25) years and an interest rate of 3.60% 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 May 6 to 24, 2021, subject to appropriate adjustments under market conditions.
The Bonds are intended to be issued and listed on the Philippine Dealing Exchange (PDEx) on 04 June 2021.
Proceeds will be used for general working capital needs and diversification of the bank’s funding sources.
First Metro Investment Corporation (First Metro) and The Hongkong and Shanghai Banking Corporation Limited (HSBC) are the Joint Lead Managers and Joint Bookrunners of the offer. Metrobank, together with Joint Lead Managers and Joint Bookrunners, are the Selling Agents of this issuance.
Metrobank has raised an aggregate of Php 81.0 billion from offerings of Peso bonds since November 2018.
Interested investors may visit any Metrobank branch or contact any of the Selling Agents.
About Metrobank
Metrobank is one of the largest and well-capitalized banks in the country, with a strong balance sheet and asset base of Php 2.4 trillion and total equity of Php 306.6 billion as of March 2021. The Bank’s capital ratios are comfortably above regulatory requirements, with total capital adequacy ratio at 19.9% and Common Equity Tier 1 ratio at 19.0%.
Metrobank is the country’s premier universal bank and has one of the largest domestic networks with over 950 branches, over 2,300 automated teller machines (ATMs) nationwide, and over 30 foreign branches, subsidiaries and representative offices. For inquiries, please contact Corporate Communications Department at 8857-5526, or Investor Relations Department at 8857-5733 and investor.relations@metrobank.com.ph. You may also call the Metrobank 24/7 Customer Hotline at 88700-700, or log on to www.metrobank.com.ph. For provincial areas, call toll-free 1-800-1888-5775
