Metrobank Lists its PHP 19 Billion Bonds Due 2026 On PDExPosted on: June 4, 2021
04 June 2021, Makati, Philippines — Metropolitan Bank & Trust Company (Metrobank) lists its PHP 19 Billion 5.25-year Bonds on the Philippine Dealing & Exchange Corp. (PDEx). This bond issuance is the final tranche under its Issuance Program established in 2018. The bonds carry an interest rate of 3.60% per annum to be paid quarterly.
Metrobank is known to have won the PDS Annual Awards’ highest honor, the Cesar E.A. Virata Award (bank category) for 8 straight years in a row. It was also the first bank to start the round of bank bond issuances in the country.
PDEx President and CEO Antonino A. Nakpil remarked: “The focus on securities distribution to all investors has long been a trademark of Metro, which built up a broker network across the nation way before “financial inclusion” became a buzz phrase.”
This 9th listing for 2021 brings the year-to-date total of new listings to PHP 99.24 Billion, pushing the total level of tradable corporate debt instruments to PHP 1.42 Trillion issued by 54 companies, comprised of 201 securities.