Ty family-led Metropolitan Bank & Trust Co. (Metrobank) ventured into the local bond market on Thursday with the goal of raising at least P10 billion for fresh working capital.
The bonds will have a tenor of 5.25 years and an interest rate of 3.6 percent a year, payable quarterly, the bank said in a disclosure to the Philippine Stock Exchange.
The offering will run until May 24, subject to appropriate adjustments under market conditions.
Minimum investment amount is P500,000 with additional increments of P100,000.
The bonds are intended to be issued and listed on the Philippine Dealing Exchange (PDEx) on June 4, 2021.
First Metro Investment Corp. and The Hongkong and S…
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