Ty family-led Metropolitan Bank (Metrobank) & Trust Co. yesterday listed on the local fixed income trading platform P19 billion of its latest bond float, the seventh and final tranche of a P100-billion bond and commercial paper program.
The bonds have a tenor of 5.25 years and a coupon of 3.6 percent with quarterly interest payments. “We are thankful to our investors for their confidence and support. The strong demand allowed us to end the offer period early, with orders almost two times of what we initially targeted, and at a much tighter spread to benchmark than what we had expected,” Metrobank treasury group head Angelica Reyes said in a disclosure to the Philippine Stock Excha…
Keep on reading: Metrobank raises P19B from latest bond offering