C02849-2018 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common shares | 3,980,015,036 |
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
Subject of the Disclosure |
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Long Term Negotiable Certificates of Time Deposits (LTNCD) |
Background/Description of the Disclosure |
The Board of Directors of Metropolitan Bank & Trust Company on 25 April 2018 approved the issuance of PHP – LTNCD of up to P25 billion in one or more tranches of at least P2 billion per tranche, and tenors of 5.5 years up to 10 years, subject to regulatory approval and market conditions. Issued LTNCDs to be listed on PDEX. |
Other Relevant Information |
Authority granted to the President singly or the Head of Financial and Control Sector and Head of Financial Markets Sector, jointly, to appoint the arranger/s and required third parties for the issue, with authority to approve the pertinent details, including the timing of the launch, issue size, tenor, interest rate and denomination. |
Name | Juan Placido III Mapa |
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Designation | Vice President & Head of Investor Relations |