If you missed the Retail Treasury Bond offering of the Philippine government back in July this year which offered 8.5% and 9.0% interest per annum, you currently have a chance to earn a similar amount of return at the same low level of risk through Manila Water’s 8.25% fixed rate bonds.
The Php 3 billion corporate bond issue pays a fixed coupon rate of 8.25% per annum. The interest are paid quarterly or every 3 months. The bonds mature in October 2013 but investors can redeem their investments by as early as October 2011.