Listed Metropolitan Bank & Trust Co. (Metrobank) plans to raise at least P10 billion in fresh funds from its fixed-rate bond offering, with an option to upsize.
In a disclosure on Thursday, the lender said the bonds will have a tenor of 5.25 years and an interest rate of 3.60 percent per annum, payable quarterly, with the minimum investment amount at P500,000 and in additional increments of P100,000.
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