George Ty-owned Metropolitan Bank and Trust Company (Metrobank) started issuing on Tuesday its long-term negotiable certificates of deposits (LTNCDs) to raise P20 billion for the bank’s capital requirements. The offer will end on October 17.
The LTNCDs, to mature in five and a half years or by April 2020, will have an interest rate of 4 percent per annum payable quarterly.
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