Ty-led Metropolitan Bank & Trust Co. (Metrobank) has launched the offer of its series F Association of Southeast Asian Nations (ASEAN) sustainability peso-denominated bonds, aiming to raise at least ₱5 billion with an oversubscription option as it continues to diversify its funding sources.

In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, March 17, the bank said the bonds will carry a fixed interest rate of 5.4727 percent per annum and have a tenor of 1.5 years.

The offer period will run from March 17 to 30, 2026. The bonds are expected to be issued and listed on Philippine Dealing & Exchange Corp. (PDEx) on April 14, 2026.

Proceeds from the bond offering will help diversify Metrobank’s funding sources while supporting the bank’s lending operations.

In line with Metrobank’s sustainable finance framework, the bank intends to allocate the proceeds to finance or refinance eligible green and social assets, supporting projects that deliver positive environmental and social impact.

The minimum investment amount is ₱500,000, with additional investments accepted in increments of ₱100,000.

First Metro Investment Corp. (FMIC), ING Bank N.V. Manila Branch, and Standard Chartered Bank (StanChart) are acting as joint lead managers and joint bookrunners for the transaction.

Metrobank, together with FMIC, ING, and StanChart, will also serve as selling agents, while ING will act as sustainability coordinator.

The offering forms part of Metrobank’s bond and commercial paper issuances of up to ₱200 billion, which was approved by the bank’s board of directors on Dec. 15, 2021.

Metrobank reported another banner year as net income grew 17 percent to a new all-time high of ₱49.7 billion in 2025 from ₱42.2 billion in 2024.

Profit growth was supported by modest asset expansion, resilient margins, healthy trading income, and contained cost growth. Pre-provision operating profit accelerated by 17.1 percent to ₱78.4 billion.

Metrobank’s net interest income increased by 9.2 percent to ₱124.6 billion, in line with the 8.8-percent expansion in gross loans.

Corporate and commercial loans posted 7.4-percent growth, reflecting economic growth trends, while consumer loans grew at a healthy pace of 13.9 percent.

Total deposits edged up to ₱2.7 trillion, of which low-cost current and savings accounts (CASA) accounted for 59.2 percent. The loan-to-deposit ratio of 74.9 percent shows the bank still has ample capacity to meet additional funding needs of customers.

Meanwhile, total non-interest income increased by 11.6 percent to ₱33.5 billion, with a modest six-percent increase in fee and trust income to ₱19.2 billion.

Trading and foreign exchange (forex) income surged 47.2 percent to ₱8.2 billion in 2025, backed by strong customer flows and favorable trading opportunities.