20180207 BTr Original Logo 5a8f9                           Premyo Bonds 2

 

Following its successful issuance in 2019, the Republic of the Philippines, through the Bureau of the Treasury, is offering the second tranche of Premyo Bonds (PB2). PB2 is an innovative financial instrument that offers investors the opportunity to win raffle prizes every quarter on top of the regular interest from their investment.

 

 

Premyo Bonds 2 Terms of Offering

 

Issuer

Republic of the Philippines through the Bureau of the Treasury

Issue Date

December 16, 2020

Maturity Date

One (1) year from Issue Date or on December 16, 2021

Interest Rate

1.25%

Frequency of Interest Payment

Quarterly

Eligible Investors

Individuals, select trust entities cooperatives, retirement funds, and provident funds*

Minimum Investment

PHP500.00 only

Maximum Number of Bond Units

Up to 20,000 bond units (equivalent to PHP10 million) per investor per selling agent.

Taxation

20% final withholding tax on interest income

First Metro's Role

Joint Issue Manager and Selling Agent

Public Offer Period

November 11 to December 11, 2020

        *Refer to the Notice of the Offering for more information

 

   

Exchange Offer

 

Holders of Premyo Bonds 1 maturing December 2020 are also invited to exchange their existing PB1 holdings for the Premyo Bonds 2.

 

Eligible Bonds

Premyo Bonds due 2020

Minimum Exchange Offer

PHP500.00, then in multiples of P500 thereafter

Exchange Ratio

1.000, exchanging at par

Accrued Interest

To be credited to your settlement account on Issue Date

Public Offer Period

November 11 to December 11, 2020

Settlement Date for the Exchange Offer

December 16, 2020

 

 

 

Additional Information

 

Notice of Offering                            |           Click here.

Briefer                                              |           Click here.

 

 

 

 

Contact Details

 

Any questions related to the bond offering may be directed to the representatives of the joint issue manager and selling agent.

 

Mark Cruz

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

 

Arnold Gregor Garrido

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