Metropolitan Bank & Trust Company (Metrobank, PSE: MBT) is offering Long-Term Negotiable Certificates of Time Deposit (LTNCDs) at an interest rate of 5.375% per annum. The LTNCDs will have a tenor of five years and six months. The LTNCD issuance is pursuant to the authority granted by the Bangko Sentral ng Pilipinas (BSP) on July 19, 2018.
The LTNCDs will be sold in denominations of PhP50,000 and in increments of PhP10,000 thereafter.
Offer period will be from September 17 to September 28, 2018. Metrobank and the Sole Arranger and Bookrunner—Standard Chartered Bank (SCB)—reserve the right to adjust the offer period as necessary.
For the transaction, the Selling Agents are Metrobank, SCB, and First Metro Investment Corp. (FMIC).