Metrobank raises $125 million from international market

The follow-on issue marks the first time a Philippine company has issued primary capital through an acclerated bookbuilding exercise.

Metropolitan Bank Trust has raised about $125 million from the international leg of a follow-on share sale aimed at strengthening its balance sheet.

The sale was completed early last Friday through an accelerated bookbuilding รป the first time ever a Filipino company has raised primary capital from an overnight sale. The transaction took some waivers from the regulators, but with the first such deal now done, the door could be open for other companies to raise additional money in the...

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