Metrobank raises P13.75B from latest bond issuance | Inquirer Business

Metrobank raises P13.75B from latest bond issuance

By: - Business Features Editor / @philbizwatcher
/ 04:05 PM October 24, 2019

Metropolitan Bank & Trust Co. has raised P13.75 billion from its latest issuance of local bonds, which were listed on the Philippine Dealing Exchange on Thursday, Oct. 24.

The 3.5-year peso bonds were priced to yield 4.5 percent per annum and will have quarterly interest payments, the bank disclosed to the Philippine Stock Exchange.

Citing robust demand from both institutional, high-net worth and retail clients, Metrobank upsized the issue amount from the original target of P5 billion. It also cut short the offer period by one week from the initial announcement of October 3 to 16.

The offering was part of Metrobank’s P100 billion bond and commercial paper program. Since November 2018, Metrobank has raised an aggregate total of P70.5 billion from peso bond offerings./TSB

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: Bank, Bonds, commercial paper, interest payments, Metrobank, PSE

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.