As of  9:06 AM, 06 December 2023

ROP USD Denominated Bonds

Settlement Date: December 7, 2023

IssuerInstrumentTenor (Years)MaturityCouponOffer
PriceYTM
Republic of the PhilippinesROP 284.1502/01/20283.0000%93.7554.6719%
Republic of the PhilippinesROP 31 1.6487.5106/10/20311.6480%80.9524.6867%
Republic of the PhilippinesROP 4824.1101/17/20485.5000%101.1585.4130%

Investments in bonds are not insured by the Philippine Deposit Insurance Company and are not guaranteed by the Bank of the Philippine Islands. All prices are indicative and subject to final pricing and available volume.

Understanding ROP Bond Prices

Tenor (years) / maturity
Tenor refers to the length of time (in years) until a bond's maturity date.

Coupon rate
This refers to the original interest rate when the ROP was first issued. Clients will receive principal (or face amount) x coupon rate every coupon rate payment period.

Offer price
This refers to the indicative price BPI is willing to offer (or sell) a particular security to an interested client. This is quoted as a percentage in relation to its par value. For example, a bond with an offer price of 110.25 is trading at 110.25% of its par value.

Yield to Maturity (YTM)
Yield to maturity refers to the return on investment (ROI) for clients who will buy a certain ROP on a specific date based on the indicated price. It is important to note that YTM is only indicative.

Account opening requirements

Active US Dollar BPI account

Client Suitability Assessment

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Account Opening Form

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Special Power of Attorney

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Leave Order Form

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Note: Additional documents may be required (e.g. corporate accounts)
Customer support

For other inquiries and comments, please send us a message or call our 24-hour BPI Contact Center at (+632) 889-10000.

 

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