The Series F ASEAN Sustainability Bonds, with a 1.5-year tenor and 5.4727 percent fixed rate, mark the bank’s largest peso issuance to date.
“We are encouraged by the strong response to this issuance, which reflects the trust our clients and partners continue to place in Metrobank,” said John Lu, Metrobank treasury group head.
“It also highlights the growing demand for investments that deliver not only financial returns, but also meaningful and lasting impact,” he added.
Strong demand signal
Orders reached about P35 billion from an initial P5 billion offer, reflecting solid appetite from both institutional and retail investors despite a volatile rate environment.
The strong demand allowed Metrobank to close the offer early on March 23, ahead of the original March 30 schedule.
Proceeds will be used to diversify funding and support lending, giving the bank flexibility while locking in borrowing costs.
This helps protect margins and positions Metrobank to deploy capital into loan growth as demand recovers.
ESG capital access
By issuing ASEAN Sustainability Bonds, Metrobank expands access to ESG-focused investors while aligning funding with green and social projects.
Its framework carries a “Very Good” rating from Moody’s, supporting credibility with global and regional funds.
—Edited by Miguel R. Camus
