Metrobank raises $1 billion via US dollar-denominated notes

February 29, 2024 - 2:54 PM
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File photo of Metropolitan Bank & Trust Co. (Metrobank) (Philstar.com / Irish Lising)

 Philippine lender Metropolitan Bank & Trust Co said on Thursday it has raised $1 billion from offshore markets via 5- and 10-year U.S. dollar-denominated notes.

Proceeds from the fundraising program will support the growing pipeline of customer transactions, said Metrobank, the Philippines‘ third-largest lender in asset terms.

— Reporting by Neil Jerome Morales