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Metrobank Lists PhP 11.25 Billion Fixed Rate Bonds on PDEx
Posted on: July 3, 2019
In the photo are (from left) First Metro Investment Corporation Institutional Sales Department Head Peter Anthony Bautista, HSBC Wholesale Banking Head Michael Brennan, Metrobank Strategic Planning Division Head Jette Gamboa, PDS Group Head of Market Services Anne Bautista, and Metrobank Asset Liability Management Division Head Edgar Alan Guerrero.
03 July 2019, Makati Philippines – Metropolitan Bank & Trust Company (Metrobank) listed PhP 11.25 Billion of Series A Bonds Due 2021 on the Philippine Dealing & Exchange Corp. (PDEx) organized secondary market. This brought the year-to-date total of new listings to PhP 196.74 Billion, pushing PDEx’s total outstanding listed securities volume to PhP 1.2 Trillion.
This issuance, Metrobank’s second for the first half of 2019, has a 5.5% coupon rate paid quarterly over two years.
The Hongkong and Shanghai Banking Corporation Limited (HSBC) acted as arranger and selling agent, with Metrobank and First Metro Investment Corporation as co-selling agents. #