PSBank returns to debt market with 2-year bonds at 5.875% rate

Philippine Savings Bank (PSBank), part of the Metrobank Group, is raising at least P2 billion through peso-denominated fixed-rate bonds, marking its return to the local debt market after a five-year pause.

The issuance is part of its P40-billion bond program, last tapped in 2020. Proceeds will support the bank’s long-term funding needs and expansion initiatives. 

The bonds carry a fixed annual rate of 5.875 percent and a two-year tenor. Minimum investment is P100,000, with increments of P10,000. 

These will be listed on the Philippine Dealing Exchange (PDEx) on August 18, following an offer period from August 4 to 8.

—Edited by Miguel R. Camus