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Philippines' Metrobank gets OK to call lower tier 2 notes at par
By Marisa Wong
Madison, Wis., Sept. 7 - Metropolitan Bank & Trust Co. (Metrobank) said the Bangko Sentral ng Pilipinas approved its request to exercise the call option on its PHP 8.5 billion lower tier 2 notes due Oct. 19, 2017.
The notes will be redeemed on Oct. 22 at par plus accrued interest up to the redemption date.
The Makati City, Philippines-based bank proposed the early redemption in July.
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