You’ve already learned the basics of stock trading and investing in our Stocks Tutorial and Guide. This time, let’s learn another type of financial investment: … Read More
The Philippines will again issue to the public retail treasury bonds or RTBs as a way of raising funds. The good thing with this debt instrument is that individual investors may have the opportunity to avail of this product because RTBs are sold in retail and do not require huge cash outlay.
In fact, minimum investment is only P5,000 (US$120), with additional investments also in multiples of P5,000 — making RTBs more accessible to the average Filipino investor.
The auction of the Philippine government’s P5 billion worth of Retail Treasury Bonds (RTB) is scheduled today. What are RTBs? The Retail Treasury Bond (RTB) … Read More
The Development Bank of the Philippines (DBP) recently issued P6.5 billion worth of unsecured and subordinated tier 2 notes with a 7.75% coupon rate.
The notes mature in 10 years but have a step-up rate on its fifth year. This means DBP can redeem the notes on the fifth year or else it will have to increase the coupon rate.
Proceeds of the debt issuance will provide working capital to the bank and also increase its capital adequacy ratios.
What is a tier 2 note?
I was visiting various banks yesterday scouting for a good housing loan package when I chanced upon an announcement at the Development Bank of the … Read More
