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Retail Treasury Bonds due 2007 to 2009 (16 July 2004) |
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16 July 2004
TO : ALL MEMBER BANKS FROM : SENEN D. GLORIOSO, President RE : Alternative Investment for Excess Liquidity The Land Bank of the Philippines is inviting us to participate in their new offering of the Retail Treasury Bonds (RTBs) to be issued by the Bureau of Treasury. We find this as a possible alternative investment for our rural bank members with excess liquidity. Please find below the indicative terms: Issuer : The Republic of the Philippines (through the Bureau of Treasury) Tenors : 3 & 5 years Issue Size : Minimum of PhP 5 Billion for each tenor Coupon Rate : To be determined through Dutch Auction (based on prevailing secondary market rate at time of pricing)
Coupon Payment: Payable Quarterly Redemption : In one lump sum at maturity date Taxation : Subject to 20% withholding tax to be deducted from all interest payments. DST on original issue for the account of the issuer Eligibilities : Eligible as insurance reserves, performance and judicial bonds, reserves for Trust duties and as liquidity floor requirement for government funds Auction Date : July 6, 2004 Public Offering : July 7-13, 2004 Issue Date : July 16, 2004 You may call Ms. Jayne P. Fabia of Land Bank, at telephone nos. 551-2200 locals 7266 to 7270 for inquiries. For further information about this offering we have attached the NOTICE OF OFFERING (includes PRINCIPAL COMMERCIAL TERMS) and the list of DEALERS/SELLING AGENTS OF THE RETAIL TREASURY BONDS TRANCHE 6 (RTB6). |
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Speeches/ Presentations |
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Photo Gallery |
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The 2008 RBAP Charter Symposium |
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2008 CFI Awards |
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Rural Banking Week Celebration Golf Tournament |
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Client Satisfaction Survey for Licensing Management System of the Supervision and Examination Sector |
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Financial Reporting Package 2008 |
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BSP releases regulations on liquidity, market risk weighting |
