Metropolitan Bank & Trust Co. (Metrobank) has successfully listed its PHP35 billion Series F ASEAN Sustainability Peso-denominated fixed rate bonds on the Philippine Dealing & Exchange Corp. (PDEx), marking its largest peso bond issuance to date to support the Bank’s sustainable finance initiatives.
The ASEAN Sustainability Bonds have a tenor of 1.5 years and carry a fixed interest rate of 5.4727% per annum. The issuance saw strong demand from both institutional and retail investors, with orders reaching 7x above the base offer size of PHP5 billion.
The public offer period was initially scheduled to run from March 17 to 30, 2026, but closed early on March 23, 2026 due to robust investor interest.
Proceeds from the issuance will be used to diversify Metrobank’s funding sources and support its lending activities. In line with the Bank’s Sustainable Finance Framework (SFF), the funds will be allocated to finance or refinance eligible green and social assets, supporting projects that contribute to environmental sustainability and inclusive growth. Metrobank’s SFF was assigned an SQS2 (“Very Good”) Sustainability Quality Score by Moody’s Ratings, reflecting strong alignment with recognized principles and measurable environmental and social objectives.
“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, Head of the Treasury Group. “It also highlights the growing demand for investments that deliver not only financial returns, but also meaningful and lasting impact.”
First Metro Investment Corporation, ING Bank N.V. Manila Branch, and Standard Chartered Bank, acted as Joint Lead Managers and Joint Bookrunners. Alongside Metrobank, they also served as Selling Agents, with ING acting as Sustainability Coordinator.
As market conditions continue to evolve, Metrobank underscores the importance of taking a disciplined and forward-looking approach to financial decisions. By enabling investments that support both stability and long-term growth, the Bank continues to guide its clients in navigating uncertainty through actions that promote resilience and readiness for opportunities.
Metrobank remains committed to being a steady partner to its clients and stakeholders, supporting their financial goals while contributing to a more sustainable and inclusive future.
