PSBank lists P5 Billion Fixed-Rate Bonds on PDEx

Philippine Savings Bank (“PSBank” or the “Bank”), the thrift banking arm of the Metrobank Group, has successfully listed its P5 billion fixed-rate bonds on the Philippine Dealing & Exchange Corp. (PDEx) today. This marks the third tranche under the Bank’s P40 billion Bond Programme.

​The two-year bonds carry a fixe interest rate of 5.8750% per annum, payable quarterly. The public offer perod, which was initially set to run from August 4 to 8, 2025, was cut short to August 5, 2025 as strong investor interest resulted into orders reaching more than six (6) times the base offer size.

The net proceeds from this issuance will support PSBank's expansion initiatives and further diversify the Bank's funding sources.

"[This milestone] is a testament to our ability to adapt, grow, and lead in a competitive banking landscape. Thank you to everyone who has supported us on this journey. We are excited about what the future holds and look forward to many more years of success and service excellence," said Francis C. Llanera, Branch Banking and Operations Group Head of PSBank. "I would also like to extend our heartfelt gratitude to First Metro, ING, and our parent Metrobank, who were all key to the success of the issuance."

Firt Metro Investment Corporation and ING Bank N.V., Manila Branch served as Joint Lead Arrangers, while PSBank, First Metro, ING, and Metropolitan Bank & Trust Company acted as Selling Agents.