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Prospect News home > News index > List of issuers M > Headlines for Metropolitan Bank & Trust Co. (Metrobank) > News item
Published on 4/29/2008 in the Prospect News Emerging Markets Daily.

Philippines' Metrobank announces upcoming PHP 10 billion lower tier 2 issue

By Aaron Hochman-Zimmerman

New York, April 29 - Metropolitan Bank and Trust Co. plans to issue PHP 10 billion of lower tier 2 notes in one or two tranches, according to a bank announcement.

The offer will replace the $200 million notes due 2013 which are first callable in December 2008. If not called the rate on these securities resets to 8.52%.

Metrobank is based in Makati City, Philippines.


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