By Rebecca Melvin
New York, June 5 – Metropolitan Bank & Trust Co. (Metrobank) priced PHP 10.5 billion of 1.25-year senior bonds with a coupon of 3%, according to a company news release.
The offering period was shortened by more than a week due to strong demand. The period was expected to extend from June 3 to June 16.
First Metro Investment Corp., ING Bank, NV, Manila Branch and Standard Chartered Bank are joint lead arrangers of the deal, which will be listed on the Philippine Dealing and Exchange Corp. on June 24.
This is the sixth issuance under Metrobank’s PHP 100 billion bond and commercial paper program.
The bank is based in Makati City, Philippines.
| Issuer: | Metropolitan Bank & Trust Co.
|
| Issue: | Fixed-rate bonds
|
| Amount: | PHP 10.5 billion
|
| Maturity: | 1.25 years
|
| Arrangers: | First Metro Investment Corp., ING Bank, NV, Manila Branch and Standard Chartered Bank
|
| Coupon: | 3%
|
| Announcement date: | June 5
|
| Listing date: | June 24
|
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