LANDBANK Issues

PESO LONG-TERM NEGOTIABLE CERTIFICATES OF TIME DEPOSIT (LTNCD)

  • LTNCD is a long-term negotiable certificate of time deposit indicating an amount of bank indebtedness with a designed maturity. LTNCDs are high-yielding, negotiable deposit instruments covered by Philippine Deposit Insurance Corporation (PDIC). The tenor is typically five years.

Product Features

LANDBANK LTNCD Due 2021

Issuer

Land Bank of the Philippines

PDIC Coverage

Yes

Issue Date

09 October 2015

Maturity Date / Original Tenor

09 April 2021 (5 ½ years)

Interest/Coupon on Issue Date (Gross)

3.750%

Taxation

Tax exempt for qualified individuals if held for at least 5 years

Interest Payment Period

Quarterly

Minimum Investment Requirement (Secondary Market)

P 50,000

Tradable via Market Maker

Yes

LANDBANK LTNCD Due 2019

Issuer

Land Bank of the Philippines

PDIC Coverage

Yes

Issue Date

5 November 2013

Maturity Date / Original Tenor

5 May 2019 (5 ½ years)

Interest/Coupon on Issue Date (Gross)

3.125%

Taxation

Tax exempt for qualified individuals if held for at least 5 years

Interest Payment Period

Quarterly

Minimum Investment Requirement (Secondary Market)

P 50,000

Tradable via Market Maker

Yes

How to Invest?

  • Open a Peso account or designate an existing LANDBANK Peso Account where interest and principal payments of the securities will be credited and comply with the documentary requirements

Documentary and Other Requirements

  • Client Suitability Assessment Form
  • Risk Disclosure Statement
  • Client Agreement
  • KYC Checklist
  • Order Ticket
  • Others as may be required by the Issuer (e.g. Application to Purchase, PDTC Specimen Signature Sheet, among others)