Republic of the Philippines


Foreign Currency Denominated Bonds (ROPs)


These are alternative investment vehicles which give investors access to foreign currency denominated bonds* issued by the National Government with frequent fixed-rate coupon payments at a specified future date.


Target Market

Individual and Corporate clients who are looking for risk-free investments


Product Features


Minimum Face Amount 

USD 50,000.00 - 200,000.00 


Various, from 1 to 25 years from original issue date 


Varies daily depending on market and tenor 

Coupon Payment

Semi-annual or as prescribed 


Confirmation of Sale

Liquidity Policy

Clients may sell subject to prevailing market prices

Standard Settlement

T+3, all deals to be settled after 3 banking days

Trading Hours

9:00 am - 12:00 noon; 2:00 pm - 4:00 pm

Required Documents

  • Customer Information Sheet

  • 3rd party documents (notarized)

  • Photocopy of 1 valid ID


  • Better yields

  • Opportunity for Trading Gains


*This is not a deposit account. Earnings are not assured and principal amount invested is exposed to risk of loss. This product cannot be sold to you unless its benefits and risks have been thoroughly explained. If you do not fully understand this product, do not purchase or invest in it.