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Prospect News home > News index > List of issuers M > Headlines for Metropolitan Bank & Trust Co. (Metrobank) > News item
Published on 6/23/2016 in the Prospect News Emerging Markets Daily.

Philippines’ Metrobank eyes PHP 20 billion long-term negotiable CDs

By Marisa Wong

Morgantown, W.Va., June 23 – Metropolitan Bank & Trust Co. (Metrobank) plans to issue up to PHP 20 billion of long-term negotiable certificates of deposit in one or more tranches, according to a 17-C filing with the Philippines Securities and Exchange Commission.

Each tranche will total PHP 10 billion to PHP 20 billion and will have a tenor of 5˝ to 10 years.

The bank is based in Makati City, Philippines.


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