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Minimum amount of investment is P100,000 |
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Document issued to clients is a UCPB Confirmation of Sale (COS)
without recourse |
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Depending on the offering of the BTR, typical maturities of FXTNs
are from two (2) years to ten (10) years, although other tenors are
issued from time to time |
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The issue price would be the bids accepted by the BTR on auction
date. The winning bids will be based on the lowest Yield to Maturity
(YTM) tendered by banks and the succeeding lowest YTM as may be necessary
to cover the total amount offered. From time to time, the BTR rejects
all bids in the auction |
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Principal is paid in one lump sum on maturity date |
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Interest income and discounts are subject to the applicable prevailing
withholding tax for maturities of less than five (5) years |
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Interest rate is fixed for the duration of the security and is
paid semi-annually, based on a 30/360 computation (for coupon payment
period) |
