Metropolitan Bank & Trust Company (Metrobank) raised PHP10.5 billion worth of Peso Bonds with tenor of 1.25 years. Initial offer period of June 3 to 16, 2020 was cut short and closed within a day on strong investor demand from both institutional and retail clients, indicating the market’s continued confidence in the Bank amidst the current economic situation.
The Bonds will be listed in the Philippine Dealing and Exchange Corp on June 24, 2020. This is the sixth issue out of Metrobank’s Board-approved PHP100.0 billion Bond and Commercial Paper Program. The bonds have a coupon of 3.0% and will have quarterly interest payments.
Metrobank mandated First Metro Investment Corporation, ING Bank N.V., Manila Branch and Standard Chartered Bank (SCB) as Joint Lead Arrangers for this issuance.
Since November 2018, Metrobank has raised an aggregate total of PHP70.5 billion from Peso bond offerings.
About Metrobank
As of March 2020, Metrobank is one of the largest and most stable banks in the country, with a strong balance sheet and asset base of PHP2.4 trillion and is well-capitalized with total equity of PHP304.5 billion. The Bank’s capital ratios were comfortably above regulatory requirements, with total capital adequacy ratio at 17.6% and Common Equity Tier 1 ratio at 16.3%.
Metrobank is the country’s premier universal bank and has one of the largest domestic networks with 960 branches and 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 8857-5348 and investor.relations@metrobank.com.ph. Or 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.