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.
ABOUT METROBANK:
Metrobank is the country’s second largest universal bank that empowers both retail and business clients with customized financial products and services fit to help them reach their goals and full potential. Metrobank has an extensive consolidated network that spans over 960 domestic branches nationwide, more than 2,200 ATMs, and 28 foreign branches, subsidiaries, and representative offices. The Bank believes that its robust capital position and balance sheet strength will provide ample support as it navigates through uncertain times. Capital ratios, with total Capital Adequacy Ratio (CAR) at 16.8% and Common Equity Tier 1 (CET1) ratio at 16.1% as of end-2025. Consolidated assets stood at PHP3.88 trillion, making it one of strongest and well capitalized banks in the country. Metrobank has investment-grade ratings of Baa2 from Moody’s and BBB- from Fitch Ratings (https://metrobank.com.ph)
From left: Juan Carlo Mendoza, Metrobank Head of Asset Liability Management; Minda Olonan, Metrobank Head of Investor Relations; Ma. Theresa Ravalo, PDTC President; Happy Lomigo, Metrobank Risk Management Group OIC; John Christopher Lu, Metrobank Head of Treasury Group; Stephanie Marie Zulueta, PDEX President; Dan Camacho, FMIC Investment Banking Head; Jun Palanca, ING Bank Philippines Country Manager; Mike Samson Standard Chartered Bank Philippines CEO.