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