FXTNs are long-term financial obligations issued by the National Government which promise to pay a specific sum of money with frequent fixed-rate coupon payments at a specified future date. FXTNs have a known maturity and yield.

Product Features

	Minimum Deposit		PhP 10,000.00
	Term/Tenor		2, 5, 7, 10, 20 & 25 years (subject to availability)
	Tax Feature		Interest income subject to 20% final withholding tax
	Coupon		Semi-Annual
	Interest Computation		Simple Interest / Add-on
	Manner of Purchase		Through the Secondary Market
	Documentation		Confirmation of Sale (COS) without recourse 3rd Party Custodianship documents
	Liquidity		Bank will provide liquidity for clients willing to sell securities subject to prevailing market rates for the remaining tenor of the securities.
	Marketing Network		Available at all Bank of Commerce branches nationwide (cut-off is at 4:00 PM)

Advantage
FXTNs are guaranteed by the Philippine Government and are, therefore, virtually risk-free.

Best for
Individual and corporate clients who are looking for long-term and risk-free investment alternatives.

 

RTBs are medium-term financial obligations issued by the National Government which promise to pay a specific sum of money with frequent fixed-rate coupon payments at a specified future date. RTBs are small denominated securities suitable for small investors offered through book-building or initial public offering.

Product Features

	Minimum Deposit		Php 5,000.00
	Term/Tenor		3, 5 and 7 years (subject to availability)
	Tax Feature		Interest income subject to 20% final withholding tax
	Coupon		Quarterly
	Interest Computation		Simple Interest / Add-on
	Manner of Purchase		Through the Secondary Market
	Documentation		Confirmation of Sale (COS) without recourse 3rd Party Custodianship documents
	Liquidity		Bank will provide liquidity for clients willing to sell securities subject to prevailing market rates for the remaining tenor of the securities.
	Marketing Network		Available at all Bank of Commerce branches nationwide (cut-off is at 4:00 PM)

Advantage
RTBs are guaranteed by the Philippine Government and are, therefore, virtually risk-free.

Best for
Individual and corporate clients who are looking for medium-term and risk-free investment alternatives.

 

ROPs are alternative investment vehicles which give investors access to US-dollar denominated bonds issued by the National government with frequent fixed-rate coupon payments at a specified future date.

Product Features

	Minimum Deposit		USD 10,000.00
	Term/Tenor		Various, from 3 to 25 years from original issue date.
	Tax Feature		Interest income not subject to 7.50% tax
	Coupon		Semi-Annual
	Interest Computation		Simple Interest / Add-on
	Manner of Purchase		Through the Secondary Market.
	Documentation		Confirmation of Sale (COS) without recourse 3rd Party Custodianship documents
	Liquidity		Bank will provide liquidity for clients willing to sell securities subject to prevailing market rates for the remaining tenor of the securities.

Advantages

• Better Yields. Depending on the type of bond purchased, yields can range from 2.0% to 6.5% until maturity. Interest is paid quarterly, or semi-annually, depending on the features of the specific bond purchased.
• Investment in Major Global Currency. Investment in a major and internationally accepted currency serves as client’s protection against depreciation of the peso and other currencies against US Dollar.
• Tax Free Earnings. Earnings are exempt from all Philippine taxes.
• Opportunities for Trading Gains. Investors may opt to discontinue participation at any time and depending on prevailing market conditions, can take advantage of possible trading gains.
• Bank of Commerce’s Professional Expertise. The Bank of Commerce I AM Group will be available for consultation on possible investment alternatives and will advise clients on investment strategies as needed.

Best for
Individual and corporate clients keen on earning higher yields on their investments.

Corporate Notes are medium to long-term financial obligations issued by a Private Corporation which promise to pay a specific sum of money with frequent fixed-rate coupon payments at a specified future date.

Product Features

	Minimum Deposit		To be determined by the Issuer
	Term/Tenor		To be determined by the Issuer
	Tax Feature		Interest income subject to 20% final withholding tax May be tax-exempt for certain tenors
	Interest Computation		Simple Interest / Add-on
	Manner of Purchase		Primary Auction / Secondary Market
	Documentation		Confirmation of Sale (COS) without recourse 3rd Party Custodianship documents
	Liquidity		Bank will provide liquidity for clients willing to sell securities subject to prevailing market rates for the remaining tenor of the securities.
	Marketing Network		Available at all Bank of Commerce branches nationwide (cut-off is at 4:00 PM)

Advantage
Corporate Notes are issued by Private Coporations, thus provide higher yields.

Best for
Individual and corporate clients who are looking for medium to long-term and high yielding investments.