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Home > Treasury > Fixed Rate Treasury Notes (FXTNs) PHP
FIXED RATE TREASURY NOTES (FXTNS) PHP| Features | |
|---|---|
| Description | Debt instruments that promise to pay a specific sum of money with frequent fixed rate coupon payments at a specified future date. |
| Investor Profile | Those seeking long-term and risk-free investments. |
| Minimum Transaction Amount | PHP 100,000.00 |
| Term/Tenor | 2, 5, 7, 10, 20, and 25 years from original issue date |
| Counterparty Risk | Republic of the Philippines |
| Other Features | Eligible as collateral for one-to-one loans |
| Taxation | Interest income subject to 20% final withholding tax |
| Manner of Purchase | Through the secondary market |
| Documentation |
• Confirmation of Sale (COS) Without Recourse • 3rd Party Custodianship documents |
| Liquidity | Bank will provide liquidity for those willing to sell their securities, subject to prevailing market rates. |
| Availability | All RCBC branches nationwide (cutt-off: 12:00 noon) |
