Login to Internet Banking
|
Security • eBanking Consumer Protection Policy • Cyber Security Tips |
Home > Treasury > Local Corporate Bonds (PHP)
LOCAL CORPORATE BONDS (PHP)| Features | |
| Description | A debt instrument issued by private and public corporations, usually with regular coupon payments |
| Investor Profile | Those who are seeking medium to long term investments and are comfortable with corporate risk. |
| Minimum Transaction Amount | PHP 1,000,000.00* |
| Term/Tenor | From 3 years to 10 years from original issue date. |
| Counterparty Risk | Philippine Corporations e.g. Energy Development Corporation, San Miguel Brewery Inc. |
| Other Features | Usually pays a premium over government securities and bank deposits. |
| Taxation | Interest income on PHP corporate bonds is 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) |
