Tuesday 21 November
Powered by Ajaxy
Oct 31, 2017 @ 16:25

Got P100K? BPI dangles new long-term notes to investors


Here’s a fresh investment option from the bilyonaryo Ayalas.

The Bank of the Philippine Islands (BPI) has launched the first tranche of Long-Term Negotiable Certificates of Time Deposit (LTNCTDs), where they plan to raise at least P5 billion from individual investors.

The fund-raising initiative will “support the bank’s expansion plans and to diversify funding sources,” BPI said in a disclosure on Friday, Oct. 27.

This is part of a P30-billion LTNCTD approved by the central bank, which BPI can offer in a span of one year.

Interested investors can start with a P100,000 placement plus increments of P50,000. The notes mature in 5.5 years and will earn interest between 3.625% to 3.750%.

BPI is not new with issuing long-term papers, as it has previously offered similar notes a few years ago.

“We are confident that with the attractive yield, relative safety, and flexibility of the LTNCTDs, we will have the same success with our latest offer,” BPI President Cezar Consing said.

The tradeable may be accessed between Oct. 27 to Nov. 16, and will be listed by Nov. 24, 2017.

Tags: , , , , , ,

Related Stories
The Bureau of the Treasury has bumped up the volume of retail Treasury bonds (RTBs)
A European financial markets watchdog warned Monday of the risks to investors of putting money
The Philippine Stock Exchange remained firm in its position and ordered the delisting of the
Shares of LMG Chemicals Corp. plunged Wednesday as investors headed for the exit door ahead


Trending News

Recommended on sister sites

Copyright © 2017 Bilyonaryo - bilyonaryo.com.ph.