PHILIPPINES PRESS-Metrobank to redeem $100 mln debt notes

Wed Feb 19, 2014 7:55pm EST

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Philippine lender Metropolitan Bank & Trust Co plans to redeem 4.5 billion pesos ($100 million) worth of debt notes that no longer qualify as Tier 2, or supplementary, capital under the Basel 3 capital adequacy framework, the Philippine Daily Inquirer newspaper reported.



NOTE: Reuters has not verified this story and does not vouch for its accuracy. ($1 = 44.6100 pesos) (Compiled by Manila Newsroom; Editing by Subhranshu Sahu)

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