Metrobank closes ASEAN bond offering a week early

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March 25, 2026 | 12:00am

MANILA, Philippines — Metropolitan Bank & Trust Co. (Metrobank) has closed the public offer of its peso-denominated bonds ahead of schedule, after drawing strong demand from both institutional and retail investors.

In a disclosure to the local bourse, the Ty-led bank said it ended the offer of its Series F ASEAN sustainability bonds on March 23, earlier than the original March 30 timeline, citing “strong demand from both institutional and retail investors.”

The bonds carry a tenor of one and a half years and offer a fixed interest rate of 5.4727 percent per annum. Settlement and listing on the Philippine Dealing and Exchange Corp. are set for April 14.

The early closure underscores sustained investor appetite for short-term fixed-income instruments, particularly those linked to sustainability themes, amid evolving interest rate expectations.

“Proceeds from the bonds will help diversify Metrobank’s funding sources while supporting the bank’s lending operations,” the lender said.

The bank also said it intends to allocate the funds to finance or refinance eligible green and social assets under its Sustainable Finance Framework, backing projects that generate positive environmental and social impact.

The issuance forms part of Metrobank’s broader P200-billion bond and commercial paper program approved by its board in December 2021, as the lender continues to tap capital markets for funding flexibility.