Republic of the Philippines Bonds

Republic of the Philippines Bonds

Foreign currency denominated sovereign bonds such as the Republic of the Philippines (ROP) bonds are medium to long-term investments issued by a national government.

 

Features and Benefits

  • Low-risk investment
  • Higher interest rates compared to other time deposits
  • Can be purchased 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.)

Eligibility

  • Available to individual and corporate accounts (i.e. corporations, banks, trust, insurance, etc.)

Requirements

PBCOM requirements

  • Account Opening Requirements with PBCOM (signed CIF/ROF)
  • 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 
  • Anti-Money Laundering Act information sheet

SEC Licensed Fixed Income Market Salesmen

2019 sec licensed

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