METROPOLITAN BANK & TRUST COMPANY

Metropolitan Plaza, Sen. Gil J. Puyat Avenue, 1200 Makati City, Philippines; Tel. no. (632) 898-8000 / 857-0000; Fax (632) 817-6248; www.metrobank.com.ph

July 21, 2014


MS. JANET A. ENCARNACION
Head, Disclosure Department
PHILIPPINE STOCK EXCHANGE, INC.
3/F Philippine Stock Exchange Plaza,
Ayala Triangle, Ayala Avenue,
Makati City


Dear Ms. Encarnacion:


We enclose a copy of our press release entitled Metrobank to Issue New Series 2 Basel 3-
Compliant Tier 2 Notes.

Thank you.



Very truly yours,



Juan Placido T. Mapa III
Head, Investor Relations








METROPOLITAN BANK & TRUST COMPANY

Metropolitan Plaza, Sen. Gil J. Puyat Avenue, 1200 Makati City, Philippines; Tel. no. (632) 898-8000 / 857-0000; Fax (632) 817-6248; www.metrobank.com.ph
July 21, 2014

Metrobank to Issue New Series 2 Basel 3-Compliant Tier 2 Notes

Metropolitan Bank & Trust Company (Metrobank or the Bank) announced the start of the
offering period for a new series of Basel 3-compliant Tier 2 Notes (the Series 2 Notes). The
Series 2 Notes will be offered from July 22 until July 28. The offer period however can be
adjusted by the Bank subject to market and other conditions.
This is the second issuance by the Bank under Bangko Sentral ng Pilipinas approval to issue up
to US$500mn in either USD and/or its PHP equivalent. Metrobank previously raised PHP16
billion in Series 1 Notes in March 2014.
The Series 2 Notes will have a tenor of 11 years, with the Bank having an option to redeem after
6 years. The Notes will bear a coupon of 5.25% per annum with interest payments due on a
quarterly basis. As a Basel 3-compliant instrument, the Notes will have a loss-absorption
feature.
As of March 31, 2014, Metrobank reported consolidated resources of PHP1.4 trillion, and Basel
3 capital adequacy ratio of 16.0% with tier 1 ratio at 12.8%.
Metrobank mandated ING Bank N.V., Manila Branch (ING) and Standard Chartered Bank
(Standard Chartered) as Joint Lead Arrangers and Selling Agents for this transaction, while
Metrobank itself is a limited Selling Agent. Multinational Investment Bancorporation (MIB) will
serve as Market Maker and Selling Agent.
Interested investors may approach any of the institutions mentioned during the public offer
period.

# # #

Metrobank is the countrys premier universal bank and has the largest domestic network of 861 branches and over 1,900 automated
teller machines (ATMs) nationwide, and 31 foreign branches, subsidiaries and representative offices. For inquiries, please contact
the Investor Relations Department at 857-9783 and investor.relations@metrobank.com.ph. Or call the Metrobank 24/7 Customer
Hotline at 8700-700, or log on to www.metrobank.com.ph. For provincial areas, call toll-free 1-800-1888-5775.