Philippine Savings Bank (PSBank), the thrift banking arm of the Metrobank Group, announces the issuance of Peso-denominated Fixed-Rate Bonds as part of its ongoing PhP40 billion bond program.
This marks the third tranche under the program, following successful issuances of PhP6.3 billion in July 2019 and PhP4.65 billion in February 2020.
The upcoming issuance will have an initial size of PhP2.0 billion, with an option to upsize depending on market demand.
The bonds will carry a fixed interest rate of 5.875% per annum and will have a tenor of two (2) years.
The minimum investment amount is PhP100,000, with additional increments in multiples of PhP10,000.
PSBank has appointed First Metro Investment Corporation and ING Bank N.V., Manila Branch as Arrangers for the issuance.
Selling Agents include PSBank, First Metro, ING, and Metropolitan Bank & Trust Company.
The offer period is scheduled to run from August 4 to 8, 2025, subject to adjustments as necessary.
Net proceeds from the bond issuance will provide PSBank with access to long-term funding to support its expansion initiatives and diversify its funding sources.
The bonds are intended to be issued and listed on the Philippine Dealing Exchange (PDEx) on August 18, 2025.
Philippine Savings Bank (PSBank) is one of the leading savings banks in the Philippines, known for its customer-centric approach, innovative digital banking services, and strong financial performance.
