What is it?

A negotiable security representing a debt obligation of the Philippine government. It yields a fixed rate of interest and matures between 91 days to 25 years, depending on the features of the note purchased.

Strategic Advantage

• Fully guaranteed by the Philippine government and are virtually risk-free
• In a period of falling interest rates, it allows investors to "lock into" relatively higher-yielding rates.

Amount

Minimum placement amount of PHP 1,000,000.00

Term

Up to 25 years, subject to availability

Interest Rate

The rate quoted is the gross interest, exclusive of 20% withholding tax.

Interest Payment

Interest is paid upon maturity

Documentation

Investors receive a Confirmation of Sale (COS) certificate upon purchase