Metropolitan Bank & Trust Co. has started the offer of its Series F ASEAN Sustainability Peso-denominated Bonds (the “Bonds”), aiming to raise at least PHP5 billion, with an oversubscription option, as it continues to diversify its funding sources.
The bonds will carry a fixed interest rate of 5.4727% per annum and have a tenor of 1.5 years.
The offer period will run from 17-30 March 2026. The bonds are expected to be issued and listed on the Philippine Dealing & Exchange Corp. (PDEx) on 14 April 2026.
Proceeds from the Bonds will help diversify Metrobank’s funding sources while supporting the Bank’s lending operations. 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.
The minimum investment amount is P500,000, with additional investments accepted in increments of P100,000.
First Metro Investment Corporation (First Metro), ING Bank N.V., Manila Branch (ING), and Standard Chartered Bank (SCB) are acting as Joint Lead Managers and Joint Bookrunners for the transaction. Metrobank, together with First Metro, ING, and SCB, will also serve as Selling Agents, while ING will act as Sustainability Coordinator. Metrobank and the Joint Lead Managers and Joint Bookrunners reserve the right to amend the timeline as necessary.
The offering forms part of Metrobank’s issuances of Bonds and Commercial Papers of up to P200 billion, which was approved by the Bank’s Board of Directors in December 2021.
The Bonds are securities exempt from registration under Section 9.1(E) of the Securities Regulation Code and have not been and will not be registered with the Securities and Exchange Commission.