Metrobank returns to dollars after 14 years

Philippines_Adobe_8July
By Morgan Davis
08 Jul 2020

Metropolitan Bank & Trust Co followed fellow Philippine bank BDO Unibank offshore this week, raising $500m on Tuesday.

BDO Unibank broke its three year hiatus from the dollar market on Monday to raise $600m from a 5.5 year bond. The deal attracted $3.3bn in orders at its peak, as investors lapped up the rare Philippine bank credit.

But investors had another bank credit from the ...

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