By Marisa Wong
Los Angeles, Oct. 25 – Metropolitan Bank & Trust Co. (Metrobank) announced it issued PHP 13.75 billion of 3˝-year senior bonds with a coupon of 4˝%.
Metrobank upsized the issue from the originally planned PHP 5 billion.
Due to strong investor interest, the offer period was shortened by one week from the initial announcement of Oct. 3 to Oct. 16.
ING Bank, NV, Manila Branch and Standard Chartered Bank are joint lead arrangers for the issuance.
This is the fifth issuance under Metrobank’s PHP 100 billion bond program approved in 2018 and brings the aggregate issuance to PHP 70.5 billion.
The bank is based in Makati City, Philippines.
| Issuer: | Metropolitan Bank & Trust Co.
|
| Issue: | Fixed-rate bonds
|
| Amount: | PHP 13.75 billion
|
| Maturity: | 3˝ years
|
| Arrangers: | ING Bank, NV, Manila Branch and Standard Chartered Bank
|
| Coupon: | 4˝%
|
| Announcement date: | Oct. 24
|
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