GT Capital to Subscribe in Metrobank Stock Rights Offer

GT Capital Holdings Inc. (PSE: GTCAP) has disclosed that it intends to fully subscribe in Metropolitan Bank and Trust Co.’s (Metrobank, PSE: MBT) stock rights offer (SRO), as disclosed by Metrobank on 17 January 2018. GT Capital currently owns 36.09% of Metrobank, one of the country’s largest banks in terms of assets, deposit base, and […]
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Metrobank Board Approves SRO

Metropolitan Bank & Trust Company (Metrobank, PSE: MBT) received Board approval to conduct a Stock Rights Offer (SRO) by way of issuance of up to a maximum of 819,827,214 common shares, which is equivalent to the remaining unissued shares from the bank’s authorized capital stock. Timing and size of the transaction are subject to other […]
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PH Stocks Rebound; PSEi Close Shy of 7,000

Manila—(PHStocks)—Philippine stocks recovered today, 15 October, after three days of declines. The benchmark Philippine Stock Exchange (PSE) index closed 0.65% higher or 45.13 points to 6,991.19 after breaching the 7,000-mark early in the session. All counters were back in the green, led by the Mining and Oil (1.41%) and Property (1.15%) sectors. The Services index […]
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Metrobank Offers PhP5B in LTNCDs

Local banking giant Metropolitan Bank and Trust Co. (PSE: MBT) launched on Tuesday an offering of least PhP5 billion worth of long-term negotiable certificates of deposits (LTNCD), taking advantage of ample liquidity in the financial market to generate long-term funding. The LTNCDs, which will have a tenor of 5.5 years, are offered at a rate […]
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PSEi Climbs Back to 6400

Manila—(PHStocks)—Philippine stocks rallied on Tuesday, 18 March, buoyed by recovery in regional markets. The mainboard Philippine Stock Exchange index (PSEi) gained 1.04% or 66.56 points to close today’s trading at 6,466.55. All counters were back in the green, led by the Property sector, which rose by 1.43%. The Mining and Oil index gained 1.17% and […]
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PH Stocks Fall Further on Chinese Economy Slowdown

Manila—(PHStocks)—Philippine stocks extended their declines Friday, 14 March, on investor worries on China’s economic growth. The Philippine Stock Exchange index (PSEi) slid by 0.6% or 38.55 points to close this week’s trading at 6,391.24. Except for the Holding Firms segment, which rebounded by 0.43%, all remaining counters were in the red. The Services sector dropped […]
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PH Stocks End First Trading Day of 2014 in the Green

Manila—(PHStocks)—Philippine stocks were up in the first trading day of the year, lifted by the seasonal “January effect”. The benchmark Philippine Stock Exchange index (PSEi) rose by 1.6% or 94.43 points to close today’s session at 5,984.26 – the fifth straight trading session of growth. Related Articles:PH Stocks Bounce BackPH Stocks Recover as Investors Take […]
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Moody’s Upgrades Metrobank to Investment Grade

Makati—(PHStocks)—Metropolitan Bank & Trust Company (Metrobank, PSE: MBT) was upgraded to investment grade status by Moody’s Investors Service (Moody’s). The Bank’s baseline credit assessment (BCA) and Bank Financial Strength Rating (BFSR) were upgraded to Baa3 from its previous Ba1 rating. The credit rating upgrade is viewed as an affirmation and recognition that Metrobank has taken the […]
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