Metrobank is preparing a significant return to the domestic debt market, aiming to secure at least P5 billion through its inaugural issuance of ASEAN Sustainability fixed-rate notes. This marks the bank’s first bond offering in over three years, signaling a renewed strategy for funding and growth.
The bonds, with a term of 1.5 years, will be sourced from an existing P200-billion program authorized by the board in December 2021. This established framework allows for efficient access to capital, streamlining the issuance process and minimizing delays.
The funds raised will be strategically deployed to bolster the bank’s lending capabilities and diversify its funding base. Crucially, these resources will be specifically allocated to projects aligning with the bank’s Sustainable Finance Framework, demonstrating a commitment to responsible investing.
Internal approval for the issuance came from Metrobank President Fabian S. Dee on March 3rd, though the precise timing of the offering remains contingent on prevailing market conditions. This cautious approach ensures optimal terms and investor interest.
First Metro Investment Corp., ING Bank N.V. Manila Branch, and Standard Chartered Bank have been appointed as joint lead managers and bookrunners, bringing substantial expertise to navigate the complexities of the bond market. Their combined experience will be vital in attracting investors and ensuring a successful launch.
Metrobank’s previous domestic bond offering in October 2022 proved remarkably successful, exceeding initial expectations by raising P23.7 billion. The strong demand led to a shortened offer period, highlighting investor confidence in the bank’s stability and growth potential.
That earlier capital infusion was primarily used to address general capital requirements and refinance existing debt. This demonstrates a proactive approach to financial management, ensuring a healthy balance sheet and long-term sustainability.
The move comes on the heels of a record-breaking year for Metrobank, with a net income of P49.7 billion reported in 2025. This impressive performance, driven by consistent loan growth and robust trading gains, underscores the bank’s financial strength and market position.
Despite the significant financial activity, Metrobank’s shares remained stable on Wednesday, closing at P74.80 each. This suggests a measured market response, reflecting a balanced assessment of the bank’s current performance and future prospects.
