Philippine Savings Bank (PSBank), the thrift banking arm of the Metrobank Group, has successfully listed PHP5 billion fixed-rate bonds on the Philippine Dealing & Exchange Corp. (PDEx).
The two-year bonds carry a fixed interest rate of 5.8750% per annum, payable quarterly. Initially scheduled for a public offer period from August 4 to 8, 2025, the offering was cut short to August 5, 2025, due to overwhelming investor demand, with orders exceeding six times the base offer size. The net proceeds from this issuance will support PSBank’s expansion initiatives and diversify its funding sources.
“This milestone is a testament to our ability to adapt, grow, and lead in a competitive banking landscape. We are excited about what the future holds and look forward to many more years of success and service excellence,” said Francis C. Llanera, Executive Vice President and Branch Banking and Operations Group Head of PSBank. Llanera also expressed gratitude to First Metro Investment Corporation, ING Bank N.V., Manila Branch, and Metrobank for their instrumental roles in the success of the issuance.
First Metro Investment Corporation and ING Bank N.V., Manila Branch served as Joint Lead Arrangers, while PSBank, First Metro, ING, and Metropolitan Bank & Trust Company acted as Selling Agents.
The listing ceremony was attended by key representatives, including Metropolitan Bank & Trust Company First Vice President John Christopher C. Lu, PSBank First Vice President and Treasurer Elmer K. Mercado, Philippine Depository & Trust Corp. President Ma. Theresa B. Ravalo, PSBank Senior Vice President Leah M. Zamora, PSBank Executive Vice President Francis C. Llanera, PDEx President Stephanie Marie A. Zulueta, ING Bank N.V., Manila Branch Country Manager Jun Palanca, and First Metro Investment Corporation President Antonio R. Ocampo, Jr.
PSBank continues to demonstrate its commitment to innovation and excellence in the banking industry, paving the way for future growth and success.
