THE Bangko Sentral ng Pilipinas (BSP) has approved Metropolitan Bank and Trust Co.’s (Metrobank) plan to raise up to P25 billion in fresh funds from the issuance of long-term negotiable certificates of time deposits (LTNCD).
“On July 23, the Bank received BSP’s approval to issue up to P25 Billion LTNCD in one or more tranches of at least P2 billion per tranche, and tenors of 5.5 years up to 10 years,” the bank said in a statement on Monday.
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