make your idle cash grow. at landbank, we help you g r o w
TRANSCRIPT
At LANDBANK, we help YOU
GROW
auge your appetite for risk
eview your investment criteria
rganize your investment portfolio
ait for the right opportunity to invest
Gauge your appetite for risk
Government Securities
Safety of principal?
EquitiesStocks
Return on Investment?
Mutual FundsBalanced Funds
Do you want…Potential upside but
you are cautious?You may invest into:
Review your investment criteria
Diversify your investment portfolio
Liquid investments High yield investments
• Government Securities• Blue chip stocks
• Corporate bonds
Organize your investment portfolio
BusinessFixed
IncomeStocks
Government Securities
Trust Fund Mutual
Funds
Real Estate
?
In LANDBANK, we help YOU
GROW
auge your appetite for risk
eview your investment criteria
rganize your investment portfolio
ait for the right opportunity to invest
Fixed Rate Treasury Notes (FXTNs)
Retail Treasury Bonds (RTBs)
Treasury Bills (T-bills)PRODUCT
FEATUREST-BILLS FXTN RTB
STATUS / CREDIT Fully guaranteed by the National Government
TENORUp to 1 year(91, 182, 364
days)
Up to 25 years(3, 5, 7, 10, 15, 20, 25)
INTEREST PAYMENT PERIOD
None (Issued at a discount)
semi-annual quarterly
TAXATION (20% WHT, EXCEPT
FOR TEIs)On interest On coupon
MINIMUM INVESTMENT REQUIREMENT IN THE SECONDARY MARKET
P200,000.00
TRADABLE VIA ORGANIZED EXCHANGE
Yes
TYPES OF GOV’T
SECURITIES
No sovereign
guarantee
Less liquid than GS
Better yields than GS
PRODUCT FEATURES
PSALM BONDS
SAN MIGUEL BREWERY, INC (SMB) BONDS
BAHAY BONDS
ISSUER PSALM SMB HGC
COVERAGE/GUATANTEE
National Government NONE Home Guaranty
Corporation
ISSUE DATE 22 April 2010 03 April 2009 17 August 2012
MATURITY DATE22 April 2015
22 April 2017
03 April 2014
03 April 201917 August 2017
ORIGINAL TENOR 5 and 7 years 5 & 10 years 5 years
COUPON5 year: 6.875%7 year: 7.75%
5 year: 8.875%10 year: 10.50%
4.80%
PRODUCT FEATURES
PSALM BONDS
SAN MIGUEL BREWERY, INC (SMB) BONDS
BAHAY BONDS
TAXATION Subject to 20% WHT except for TEIs Assumed by NHMFC
INTEREST PAYMENT PERIOD Quarterly Semi-annual Quarterly
MINIMUM INVESTMENT
REQUIREMENTP200,000.00
TRADABLE VIA ORGANIZED EXCHANGE
Yes
o Some with PDIC
coverage
o Less liquid than GS
o Better yields than GS
PRODUCT FEATURES
PESO LONG-TERM NEGOTIABLE
CERTIFICATES OF TIME DEPOSIT (LTNCD)
LOWER TIER II CAPITAL (LT2)
COVERAGE/GUARANTEE
PDIC None
ISSUE SIZE P 5.0B P 6.934 B P 10.50M
ISSUE DATE 05 Nov 2013 09 Jun 2009 27 Jan 2012
MATURITY DATE 05 May 2019 09 Jun 2019 27 Apr 2022
ORIGINAL TENOR 5.5 years10 years,
callable on the 5th year
10 years & 3 months,
callable on the 5th year
PRODUCT FEATURES
PESO LONG-TERM NEGOTIABLE
CERTIFICATES OF TIME DEPOSIT (LTNCD)
LOWER TIER II CAPITAL (LT2)
INTEREST / COUPON ON ISSUE DATE
(GROSS)
3.125% 7.25% 5.875%
MINIMUM INVESTMENT
REQUIREMENT P 50,000 P 500,000
TAXATIONTax exempt for qualified
individuals if held for at least 5 years
Exempted from 20% WHT for individuals and TEIs, if held
beyond 5 years
COUPON PAYMENT PERIOD Quarterly Quarterly
TRADABLE VIA MARKET MAKER YES
TERMS OF THE OFFERINGINSTRUMENT Additional Tier 1 Capital Securities
STATUS AND RANKING Direct, unconditional, unsecured and subordinated obligation
CURRENCY Philippine Peso (PHP)
MATURITY DATE Perpetual unless redeemed by the Issuer pursuant to a redemption option
INDICATIVE DISTRIBUTION RATE Benchmark plus spread
DISTRIBUTIONS
Cancellable, Non-cumulative and subject to Capital Conservation buffer requirements
:
INTEREST PERIODS Quarterly, 30/360 day count basis
DENOMINATIONS Minimum of PHP500,000 and in integral multiples of PHP10,000 or any other denomination as prescribed by the BSP”
TAXATIONTax exempt for qualified individuals if held for at least 5 yearsDomestic and Resident Foreign Corporation – 20%
21
CET1 Ratio Restriction on Distributions
6.0% - 7.25% No distributions
>7.25% - 8.5% 50% of earnings
>8.5% No restriction
Joel S. Cabrera, FIMS, CTPTreasury Sales OfficerInvestment Sales & Distribution DeptTreasury Investment Banking SectorLand Bank of the Philippines
0917 502 1169/ 0922 833 [email protected]