Philippines’ Metrobank launches sale of 5 3/8% 5˝-year negotiable CDs

By Marisa Wong

Morgantown, W.Va., Sept. 17 – Metropolitan Bank & Trust Co. (Metrobank) launched an offering of long-term negotiable certificates of deposit on Monday, according to a 17-C filing with the Philippine Securities and Exchange Commission.

The 5˝-year negotiable CDs will bear interest at 5 3/8%.

Metrobank mandated Standard Chartered Bank as the arranger and bookrunner for the transaction. Metrobank, Standard Chartered and First Metro Investment Corp. will act as selling agents.

The offer period will run to Sept. 28.

The bank is based in Makati City, Philippines.

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