PSBank to Issue Peso Bonds Under P40 Billion Bond Programme

Philippine Savings Bank (PSBank), the thrift banking arm of the Metrobank Group, is set to issue Peso-denominated Fixed-Rate Bonds as part of its ongoing P40 billion Bond Programme. This will mark the third tranche under the program, following the P6.3 billion issuance in July 2019 and the P4.65 billion issuance in February 2020.

PSBank has mandated First Metro Investment Corporation (“First Metro”) and ING Bank N.V., Manila Branch (“ING”) as Arrangers for the upcoming issuance. The Selling Agents for the offering are PSBank, First Metro, ING, and Metropolitan Bank & Trust Company.
The proposed issuance will have an initial size of P2.0 billion, with an option to upsize. Net proceeds will provide the Bank with access to long-term funding to support its expansion initiatives and further diversify its funding sources. The bonds will have a tenor of two (2) years and will carry a fixed interest rate of 5.875% per annum. The minimum investment amount is P100,000, with additional increments in multiples of P10,000. The offer period will run from August 4 to 8, 2025, subject to adjustment by PSBank and the Arrangers as necessary.

The Bonds are intended to be issued and listed on the Philippine Dealing Exchange (PDEx) on August 18, 2025.