By Marisa Wong
Morgantown, W.Va., Aug. 30 – Metropolitan Bank & Trust Co. (Metrobank) will offer PHP 5 billion of long-term negotiable certificates of time deposit from Aug. 30 to Sept. 12, according to a 17-C filing with the Philippines Securities and Exchange Commission.
The seven-year negotiable CDs will carry a coupon of 3˝%.
ING is the arranger, bookrunner and a selling agent. Metrobank will be the other selling agent.
The negotiable CDs will be issued on Sept. 19.
The bank is based in Makati City, Philippines.
| Issuer: | Metropolitan Bank & Trust Co.
|
| Issue: | Long-term negotiable certificates of time deposit
|
| Amount: | PHP 5 billion (may be upsized)
|
| Maturity: | Seven years
|
| Coupon: | 3˝%
|
| Bookrunner: | ING
|
| Offer period: | Aug. 30-Sept. 12
|
| Settlement date: | Sept. 19
|
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