These are debt instruments issued by corporations that are backed solely by the credit quality of the issuing company.
Target Market
Individuals and corporations who are looking for higher yielding investment alternatives.
Product Features
| Minimum Face Amount | P500,000.00 |
| Tenor | Short- to long-term, 1 to more than 10 years |
| Rate | Varies daily depending on market and tenor |
| Coupon Payment | Usually quarterly or semiannually |
| Tax Feature | Subject to the 20% withholding tax |
| Liquidity | Clients may sell securities subject to prevailing market price |
| Standard Settlement | T+1 (for settlement the next banking day) |
| Trading Hours | 9:00 a.m. – 12:00 p.m.; 2:00 p.m. – 4:00 p.m. |
| Required Documents | PDEx/PDTC account opening form or other documents as may be required by designated custodian |
| Fees/Charges | Subject to broker’s fee 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.