Metrobank to issue P10-B short-term bonds

By Ed Paolo Salting

Sep 28, 2022 12:24 am

METROPOLITAN Bank and Trust Co. announced on Tuesday it is planning to issue 1.5-year peso bonds worth P10 billion with an oversubscription option. This issuance is under the bank's Peso Bond and Commercial Paper Program of up to P200 billion and was approved by the bank's board of directors on Dec. 15, 2021.

'The objective of the program is to refinance maturing issuances and diversify the bank's peso funding sources over the next three years while supporting the bank's lending activities,' the bank said.

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