Philippine Savings Bank (PSBank), the thrift banking unit of the Metrobank Group, has listed its P5 billion worth of two-year fixed-rate bonds on the Philippine Dealing & Exchange Corp. (PDEx).
The peso bonds, which was listed on August 18, 2025, is the third tranche under the bank’s P40-billion bond program.
Proceeds from the issuance will further diversify PSBank’s funding sources, it said in a disclosure to the Philippine Stock Exchange.
Meanwhile, PSBank Branch Banking and Operations Group Head, Francis Lianera, said the successful bond offering and listing ensures the bank’s ability to adapt and grow in a competitive banking environment.
He also thanked parent company Metrobank for its support, and the help from First Metro and ING in selling the peso bonds.
The issuance, which was six times oversubscribed, attracted strong investor interest. It was offered from August 4 to 8 but was cut short to August 5 due to strong demand.
The bank’s latest peso bond sale has a tenor of two years with a fixed interest rate of 5.8750 percent per annum.
The Philippine Rating Services Corporation has recently assigned PSBank the highest Issuer Credit Rating of PRS Aaa (corp.) with a stable outlook.
The bank said the latest rating is an indication of its “solid market position, sound capitalization and asset quality, strong support from its parent bank, experienced management team, and the positive outlook for its core market.”
For the first six months of 2025, PSBank posted a net income of P2.16 billion, down by 15.6 percent from P2.56 billion in the same period last year due to higher loan loss provisioning.
PSBank is the country’s biggest thrift bank with total resources of P224 billion.
