Metropolitan Bank & Trust Co. (Metrobank) plans to issue its first ASEAN sustainability peso-denominated fixed-rate bonds to raise at least P5 billion, the lender said in a stock exchange disclosure on Wednesday.
The bonds, which include an oversubscription option, will have a tenor of 1.5 years. The issuance is part of the bank’s P154.5 billion bond and commercial paper program, which falls under a larger P200 billion program approved by its board in December 2021.
Proceeds from the sale will be used to diversify funding sources and support lending operations. The bank said funds will be allocated to finance or refinance eligible assets under its sustainable finance framework.
Metrobank follows other major Philippine lenders like BDO Unibank Inc., Bank of the Philippine Islands and LandBank of the Philippines, which have raised a combined P200 billion through sustainability-linked bonds since the start of the year.
Rizal Commercial Banking Corp has also indicated plans for a similar issuance.
The lender reported a net income of P49.7 billion in 2025, led by asset expansion and resilient margins. Pre-provision operating profit rose 17.1 percent to P78.4 billion. Due to its capital position, the board recently approved a total cash dividend of P5 per share for 2026.
Moody’s Investors Service rates the bank Baa2 while Fitch Ratings maintains a BBB- rating, both with stable outlooks.
Metrobank appointed First Metro Investment Corp, ING Bank NV Manila Branch and Standard Chartered Bank as joint lead managers and joint bookrunners for the transaction.
