Metrobank Lists PhP 10.5 Billion Series C Bonds on PDExPosted on: June 24, 2020
24 June 2020, Makati, Philippines — Metropolitan Bank & Trust Company (MBT) lists its PHP 10,500,000,000 Series C Bonds Due 2021 on the Philippine Dealing & Exchange Corp. (PDEx). The bonds were priced at 3.00% per annum, with interest to be paid on a quarterly basis for a tenor of 1.25 years.
Proceeds from MBT’s sixth issuance under its PhP 100 Billion bonds and commercial paper program will be used to diversify funding sources and finance lending projects for corporate, middle market, small and medium enterprises, and retail clients.
The Market Makers of the issuance are ING Bank N.V., Manila Branch and Standard Chartered Bank (SCB). They also acted as Arrangers and Selling Agents, together with First Metro Investment Corporation.
This 15th listing for 2020 brings the year-to-date total of new listings to PHP 165.50 Billion, pushing the total level of tradable corporate debt instruments to PHP 1.41 Trillion issued by 56 companies, comprised of 197 securities.