PSBank Shortens Offer Period for its Latest Bond Issuance

Philippine Savings Bank (“PSBank” or the “Bank”), the thrift banking arm of the Metrobank group, disclosed that it has decided to shorten the offer period for the third tranche under its P40 Billion Bond Programme. The initial offer period of August 4 to 8, 2025 was cut short and closed within a day due to strong investor demand from both institutional and retail clients. The total orderbook was more than six (6) times oversubscribed, indicating the market’s continued confidence in the Bank.

The Bank’s latest bond issuance has a tenor of two (2) years and carries a fixed interest rate of 5.875% per annum. The issue and listing date will be on August 18, 2025.

The net proceeds of the issuance will provide the Bank with access to long-term funding to support its expansion initiatives and further diversify its funding sources.

First Metro Investment Corporation (“First Metro”) and ING Bank N.V., Manila Branch (“ING”) were the Arrangers, while the Selling Agents were PSBank, First Metro, ING, and Metropolitan Bank & Trust Company.