Metrobank prices 1.5-year sustainability bonds at 5.47%
MANILA, Philippines — Metropolitan Bank & Trust Co. has launched its Association of Southeast Asian Nations sustainability bonds, aiming to broaden its funding base.
The Ty family-led bank disclosed on Tuesday that the Asean bonds would carry a fixed interest rate of 5.4727 percent per year and a tenor of one and a half years.
Metrobank aims to raise at least P5 billion, with an oversubscription option.
READ: Metrobank eyes P5-B Asean sustainability bond issue
The offer period will run from March 17 to 30, with the bonds expected to be issued and listed on the Philippine Dealing & Exchange Corp. on April 14.
The proceeds will be used to diversify Metrobank’s funding sources while supporting its lending operations.
Funding ‘green’ assets
In line with the bank’s sustainable finance framework, the funds are intended to finance or refinance eligible green and social assets, supporting projects that generate positive environmental and social impact.
Metrobank set the minimum investment amount at P500,000, with additional investments allowed in increments of P100,000.
READ: Metrobank logs record P49.7-B profit in 2025
The transaction will be led by First Metro Investment Corporation, ING Bank N.V., Manila Branch and Standard Chartered Bank, which will serve as joint lead managers and joint bookrunners.
Metrobank, together with the three institutions, will also act as selling agents, while ING will serve as sustainability coordinator for the offering.
The planned issuance forms part of Metrobank’s broader program covering bonds and commercial papers of up to P200 billion, which was approved by the bank’s board of directors in December 2021.
Balance sheet
Metrobank, the second-largest universal bank in the Philippines, maintains a nationwide network of more than 960 branches and over 2,200 ATMs, alongside 28 foreign branches, subsidiaries and representative offices.
READ: Metrobank sees private wealth investors turning choosier in 2026
As of end-2025, Metrobank reported total assets of P3.88 trillion. Capital adequacy ratio stood at 16.8 percent, while its common equity tier 1 ratio reached 16.1 percent.
Metrobank also holds investment-grade ratings of Baa2 from Moody’s and BBB- from Fitch Ratings, underscoring its credit strength as it continues to expand its sustainable financing initiatives. /dda
