Metrobank raises $500M from offshore debt deal

Metropolitan Bank & Trust Co. (Metrobank)

Ty family-led Metropolitan Bank and Trust Co. has raised $500 million from its first offshore debt market foray in nearly two decades.

Metrobank priced its 5.5-year senior notes offering to yield 2.125 percent per annum on Tuesday night, a bookrunner said.


The order book was oversubscribed by over five times the base offer.

Proceeds will be used to refinance existing debt.


UBS and First Metro Investment Corp. acted as joint global coordinators and bookrunners while MUFG and SMBC Nikko Capital Markets Ltd. were the joint lead managers.

In early June, Metropolitan also raised P10.5 billion from a local bond market foray with a tenor of 1.25 years and a coupon rate of 3 percent per annum.

Subscribe to Inquirer Business Newsletter
Read Next
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: MBT, Metropolitan Bank & Trust Co. (MBTC), MUFG, SMBC, Thank you family, UBS
For feedback, complaints, or inquiries, contact us.

© Copyright 1997-2020 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.