Fixed Rate Treasury Notes

Fixed Rate Treasury Notes

Fixed Rate Treasury Notes (FXTNs) are medium to long-term investments issued by the Philippine government through the Bureau of Treasury. These bonds carry minimal risk and are originally issued with tenors of 3 to 25 years.

 

Features and Benefits

  • Low-risk investment
  • Higher interest rates compared to other financial instruments
  • Can be easily bought or sold in the secondary market through SEC-licensed Fixed Income Salesmen
  • Interest payments are credited semi-annually to your PBCOM account
  • Interest earned is guaranteed by the Republic of the Philippines regardless of price fluctuation during the life of the bond
  • Available to individual and corporate accounts (i.e. corporations, banks, trust, insurance, etc.)

Requirements

PBCOM Requirements

  • Account Opening Requirements with PBCOM (signed CIF/ROF forms)
  • Secretary Certificate, if corporate account  
  • Client Suitability Assessment Form 
  • Risk Disclosure Statement

Third-Party Custodian Requirements

  • Notarized and signed Special Power of Attorney (SPA) to open custody account
  • Letter of Instruction (LOI) to 3rd party custodian 

SEC Licensed Fixed Income Market Salesmen

SEC Licensed Fixed Income Market Salesmen

Risks

These bonds carry minimal risk and originally issued with tenors of 3 to 25 years.

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