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 |
| Tenor | Various, from 1 to 25 years from original issue date |
| Price | Varies daily depending on market and tenor |
| Coupon Payment | Semi-annual or as prescribed |
| Documentation | 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 |
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| Advantage |
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| Fees/Charges | The commission for the FCD Bonds is a minimum of 25 basis points plus relevant third party fees. |
*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.
*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.