Metrobank Lists ₱35 Billion ASEAN Sustainability Bonds on PDEx

Metropolitan Bank & Trust Co. has successfully listed its ₱35 billion Series F ASEAN Sustainability Peso-denominated fixed-rate bonds on the Philippine Dealing & Exchange Corp., marking its largest peso bond issuance to date in support of its sustainable finance initiatives.

Mertrobank is advancing its sustainable finance initiatives. (Photo: Metrobank)

The bonds carry a tenor of 1.5 years and offer a fixed interest rate of 5.4727% per annum. The issuance drew strong demand from both institutional and retail investors, with total orders reaching seven times the base offer size of ₱5 billion.

Originally scheduled from March 17 to 30, 2026, the public offer period closed early on March 23 due to robust investor interest.

Proceeds will be used to diversify Metrobank’s funding sources and support lending activities aligned with its Sustainable Finance Framework (SFF). Funds will be allocated to finance or refinance eligible green and social projects that promote environmental sustainability and inclusive growth.

The SFF received a Sustainability Quality Score of SQS2 (“Very Good”) from Moody’s Ratings, indicating strong alignment with recognized sustainability principles.

“We are encouraged by the strong response to this issuance, which reflects the trust our clients and partners place in Metrobank,” said John Lu, head of the Treasury Group.

First Metro Investment Corporation, ING Bank N.V. Manila Branch, and Standard Chartered Bank acted as joint lead managers and bookrunners, with ING also serving as sustainability coordinator.