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LTNCD Public offerings

the_minion · 19 · 15644

the_minion

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Hi guys, I would like to invest sana in these products because I believe these are best products for a conservative investor like me for the long term because
1. They are insured by the PDIC
2. Well they are higher in interest than regular non rural bank TDs

Kaso they are only issued to the public only once, i believe

Kaya naghahanap ako ng news and updates kung sinong banks ang susunod na magiisue ng LTNCD
Baka alam niyo po kung sinong bank ang magiisue ng LTNCD? TIA


Rothschild

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magbasa ka lang lagi sa newspaper..lagi sila naga-announce ng offering


kiplinger

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East-West just just finished offering their Tier-2 for 5.5%. But yes, generally banks advertise in the newspapers. Or you can ask your relationship manager with the bank if they're offering any.


rodeo

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magbasa ka lang lagi sa newspaper..lagi sila naga-announce ng offering
Pwede pong magtanong duon sa mga mayroon ng LTNCD placement?  Gaano katagal po ibinibigay sa client yung Certificate of Deposit?  We just invested 500k last nov 19, 2014 @ Metrobank, what they gave us as a proof of receipt of investment is the payment slip from the bank.  They told us that documents for this investment will just be mailed to us and will usually take more than a month for us to receive.  We have a regular time deposits as part of our investments and we usually receive the CTD on the same date after the placement.  We also have some investments into commercial papers/bonds and we usually receive the documents for that placement from one to two months.  Do LTNCD and Bonds are the same in terms of processing of documents?  Hoping to receive some information to enlighten us......


bauer

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^ Do not believe the staff of metrobank.  Make a follow up and demand from them the immediate issuance of certificate or you will report their lack of actions with the BSP.

Do it ASAP baka mapunta sa iba ang investment mo.


rodeo

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^ Do not believe the staff of metrobank.  Make a follow up and demand from them the immediate issuance of certificate or you will report their lack of actions with the BSP.

Do it ASAP baka mapunta sa iba ang investment mo.

Sorry Mr. Bauer for the late reply and thank you......  Already received the Certificate from metro bank.....


bizman13

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rodeo

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any LTNCD offering this 1Q 2015?
wala pa sir eh,  waiting din ako ng ganito pang offer eh...... for diversification and preservation lang, at least maka tabla sa inflation....


bizman13

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Source - http://www.philstar.com/banking/2015/03/17/1434408/bdo-issues-p5-b-ltncd

BDO issues P5-B LTNCD
By Ted Torres (The Philippine Star) | Updated March 17, 2015 - 12:00am


MANILA, Philippines - BDO Unibank Inc. (BDO) will issue another tranche of up to P5 billion worth of long-term negotiable certificates of deposit (LTNCD), with an offer period from March 16 to 27 this year.

The issue was undertaken as part of the BDO’s efforts to lengthen the maturity of funding sources and support its growth objectives. It last issued P5 billion worth of LTNCDs in December 2013.

The LTNCDs will have a term of five and one half years, with indicative pricing to be finalized at the end of the offer period. Interest will be paid quarterly in arrears.

The minimum investment is P100,000 with increments of P50,000. The offer period is slated from March 16-27, with the issue date set on April 6, 2015.

However, the bank reserves the right to adjust the timing of the offer as needed.

ING Bank N. V. Manila branch (ING) and Standard Chartered Bank (SCB) are the joint lead arrangers and selling agents for the issue, while BDO and BDO Private Bank are the other selling agents.
Business ( Article MRec ), pagematch: 1, sectionmatch: 1

LTNCDs are negotiable certificates of deposit with a designated maturity, and represent a bank’s obligation to pay the face value upon maturity, with periodic coupon or interest payments during the life of the deposit.

These are an attractive investment especially for individuals, as interest income is exempt from withholding taxes if the LTNCDs are held for at least five years. LTNCDs are covered by deposit insurance with the PDIC up to a maximum of P500,000 per depositor.

BDO is a full-service universal bank, with one of the largest distribution networks of over 870 operating branches and over 2,600 ATMs nationwide.

It also has a branch in Hong Kong as well as 28 overseas remittance and representative offices in Asia, Europe, North America and the Middle East.             

Read more: http://www.philstar.com/banking/2015/03/17/1434408/bdo-issues-p5-b-ltncd#ixzz3UbmuIOGI
Follow us: @PhilstarNews on Twitter | philstarnews on Facebook


hakaw

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bizman13

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Yup.. o nga.. kuripot lang..eheh.. wait nalang sa ibang mga banks.. hopefully mag offer din sila.


abetcastillo

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Yes mababa nga for a five (5) year investment parang long term time deposit lang. Anyway thank you for sharing this. Hopefully, others will also share their info ,  in case there will be LTNCD offerings in the future. Medyo hindi pa ako nakakasubok nito.

One more thing, is this really covered by PDIC? pasensya na at newbie pa lang sa investment instrument na ito. Many thanks for the info.


GoodSteward

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Yup.. o nga.. kuripot lang..eheh.. wait nalang sa ibang mga banks.. hopefully mag offer din sila.

RCBC , 4.something,medyo kurips din hehe...

@abet, its pdic covered, kaya mababa rates....

Pwede kayo maghintay ng tier2, masmataas rate, but not pdic covered, bank offering din ang tier2.


abetcastillo

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thank you very much sir , so tier 2 is different pa pala kaya pala medyo nalito ako . Thanks po.


hakaw

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bizman13

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rodeo

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Any updates or news re: LTNCD?
Landbank LTNCD @ 3.75% per annum Tax Free...
http://www.bworldonline.com/content.php?section=Finance&title=landbank-raises-p6-billion-from-ltncds&id=116707


Zeidren

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Pag tier-2 ba tax free din?

Anong bank mataas ang rate ngayon?
Nakita kong highest PsBank 3.25% (5 years)
https://www.psbank.com.ph/rates


Zeidren

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Maybank @ 4% (5 yrs tax free)
http://www.maybank.com.ph/en/personal/deposits/time-deposit/addvantage-5-year-time-deposit.page?


 


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