Philippine Savings Bank (PSBank), the thrift banking arm of the Metrobank Group, plans to raise at least P2 billion from the issuance of peso-denominated fixed-rate bonds.
The proposed issuance will have an initial size of P2.0 billion, with an option to upsize, the bank said in a disclosure to the stock exchange Monday.
PSBank said the bonds would be issued under its P40-billion bond program. This will be the third tranche under the program, following a P6.3-billion issuance in July 2019 and P4.65 billion in February 2020.
The bonds will have a two-year tenor and a fixed interest rate of 5.875 percent per annum.
The offer period will run from Aug. 4 to 8, subject to adjustments by the bank and its arrangers.
The minimum investment is P100,000, with additional increments in multiples of P10,000.
“Net proceeds will provide the bank with access to long-term funding to support its expansion initiatives and further diversify its funding sources,” PSB said.
The lender appointed First Metro Investment Corp. and ING Bank N.V. Manila branch as arrangers for the offering. Selling agents include PSBank, First Metro, ING and Metropolitan Bank & Trust Co.
The bonds are expected to be issued and listed on the Philippine Dealing & Exchange Corp. (PDEx) on Aug. 18, 2025.
The bank maintained its issuer credit rating of PRS Aaa (corp.), with a stable outlook, from Philippine Rating Services Corporation (PhilRatings) in July 2025.
A company rated PRS Aaa (corp.) has a very strong capacity to meet its financial commitments relative to that of other Philippine corporates, while a stable outlook is assigned when a rating is likely to be maintained or to remain unchanged in the next 12 months.
PSBank operates a network of 250 branches and more than 500 ATMs across the country.
