METROPOLITAN Bank & Trust Co. (Metrobank) on Tuesday launched the offer of its Series F Asean Sustainability peso-denominated bonds, aiming to raise at least P5 billion as it continues to diversify its funding sources.
The bonds carry a fixed interest rate of 5.4727 percent per annum with a tenor of 1.5 years.
The offer period runs until March 30, with the bonds expected to be issued and listed on the Philippine Dealing & Exchange Corp. (PDEx) on April 14, 2026.
Metrobank said the proceeds would help diversify its funding base while supporting its lending activities.
“In line with Metrobank’s Sustainable Finance Framework, the bank intends to allocate the proceeds to finance or refinance eligible green and social assets, supporting projects that deliver positive environmental and social impact,” it said.
The minimum investment amount is P500,000, with additional investments accepted in increments of P100,000.
First Metro Investment Corp., ING Bank N.V. Manila Branch, and Standard Chartered Bank are the joint lead managers and joint bookrunners for the transaction, and together with Metrobank, they would also serve as selling agents, while ING was tapped as sustainability coordinator.
The offering forms part of Metrobank’s P200-billion bond and commercial paper program, which was approved by the bank’s board of directors in December 2021.
Metrobank shares on Tuesday shed P0.75, or 1.12 percent, to close at P66.30 each.
