Ty-led Metropolitan Bank & Trust Co. (Metrobank) has closed the public offer for its series F Association of Southeast Asian Nations (ASEAN) sustainability peso-denominated bonds a week early, indicating that the minimum ₱5-billion issuance was oversubscribed.

The bank disclosed to the Philippine Stock Exchange (PSE) on Tuesday, March 24, that it closed the offering last Monday, March 23, instead of March 30, 2026, due to strong demand from both institutional and retail investors.

The bonds have a tenor of 1.5 years and carry a fixed interest rate of 5.4727 percent per annum. They will be issued and listed on Philippine Dealing & Exchange Corp. (PDEx) on April 14, 2026.

Proceeds from the bond issuance 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 offering forms part of Metrobank’s issuance program of bonds and commercial papers of up to ₱200 billion, which was approved by the bank’s board of directors on December 15, 2021.

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

Metrobank, together with First Metro, ING, and SCB, are serving as selling agents, while ING is acting as sustainability coordinator.

The bank recently reported another banner year, with net income growing 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 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.