Philippine Savings Bank (PSBank), the thrift banking unit of the Metrobank Group, successfully listed P5 billion worth of fixed-rate bonds on the Philippine Dealing & Exchange Corp. On Monday. This issuance represents the third tranche under the Bank’s P40 billion bond program.
The two-year bonds offer a fixed annual interest rate of 5.875 percent, payable quarterly. Initially scheduled for public offering from August 4 to 8, 2025, the offer period was cut short by three days due to overwhelming investor demand. Orders surged to over six times the base amount, highlighting investor confidence in the bank’s financial position.
Proceeds from the bond issuance will be used to fuel PSBank’s expansion efforts and further strengthen its funding diversification.
“This achievement reflects our strength in navigating a dynamic banking sector,” said Francis C. Lianera, PSBank’s Branch Banking and Operations Group Head. He emphasized the bank’s forward-looking stance and appreciation for the support of key partners.
“We deeply value the contributions of First Metro, ING, and our parent, Metrobank, whose support made this issuance a success,” he added.
PSBank continues to cement its role in the capital markets while supporting its long-term growth and innovation agenda.
