Promo Period: January 4th to March 4th 2019 Get a free McFlurry for a minimum purchase of Php 150 purchase using your Philippine-issued Credit, Debit or Prepaid Mastercard in participating McDonald’s stores in the Philippines Promo is open to all Mastercard cardholders, regardless of issuing bank. Available for a minimum purchase of Php 150 worth of any a la carte food and beverages, meals or bundle items. Only redeemable at the Front Counter in participating McDonald’s stores accepting Mastercard card payments. Not available at the Self-Ordering Kiosk, Take-Out Counters, Dessert Centers and Kiosks, and via Drive-Thru and McDelivery. Only one (1) McFlurry redeemable for every successful transaction using your Mastercard card. Only one free item per minimum Php 150 transaction, regardless of total amount spent. Cannot be exchanged for cash or used in conjunction with other promos. Promo applicable to McFlurry with Oreo, McFlurry with Milo, and McFlurry with Oreo Matcha. For McFlurry with Oreo Matcha, redemption will only be until February 15th 2019. Per DTI-FTEB Permit No. 15952. Series of 2018 Participating Stores: QUEZON AVE. BLUE RIDGE SM TAYTAY KATIPUNAN CONCEPCION MARIKINA ORTIGAS EXT CAINTA ROBINSON'S GALLERIA TANDANG SORA ANTIPOLO CIRCUMFERENTIAL SM MEGAMALL ROOSEVELT CAINTA POBLACION TAGAYTAY TAAL MINDANAO CHARBEL TANAY TAGAYTAY OLIVAREZ QH LAGRO BINANGONAN TOMAS MORATO UP TOWN CENTER DAU EASTWOOD CIRCULO VERDE SAN FERNANDO JUNCTION VALERO MAYPAJO MABINI TARLAC ROMULO FORT BONI 32ND ST SAVANO PARK CABANATUAN FRONTERA VERDE BELFAST LAOAG TIMOG TOBIAS CROSSROAD TANDANG SORA SO. SUPERMARKET MALOLOS PIONEER RELIANCE QUAD 3 CANDON ETON GREENBELT BSU MALOLOS NAIA 3 ALABANG MOTORWAY TARLAC TAGAYTAY CALAMBA ROAD MCS ANGELES INTERSECTION MADISON ORTIGAS LAS PINAS PULILAN DRT HIGHWAY GIL PUYAT DIAN KABIHASNAN STARMALL SJDM BULACAN KAPITOLYO PASIG FESTIVAL MALL GRD MCARTHUR MAIMPIS MCKINLEY WEST MAKATI AVE CB MALL UPTOWN BGC AIRPORT ROAD CLARK GATE BORACAY REGENCY BUENDIA MALOLOS ARCH BORACAY MAIN ROAD PRC ROBINSONS LUISITA MARKET MARKET ROCKWELL LIPA AYALA UN AVE. EVANGELISTA CAVITE CITY J. FELIPE PATEROS BAYAN SM BICUTAN SAN PEDRO 178 PACO MARKET MARKET TANAUAN, BATANGAS QUIRINO PEOPLE SUPPORT PETRON SOUTH (Removed) J. ABAD SANTOS BANKMER CABUYAO BLUEBAY WALK NORTHGATE FASTBYTES BALAYAN ADRIATICO PONTEVIA NEW MOLINO NAVOTAS FORTUNATA STO TOMAS JUAN LUNA NEW GLORIETTA SOUTHWOODS ECCOCENTRUM MALABON RIZAL COMMERCE AVENUE LIPA CM RECTO GREENHILLS BGC FORUM DASMA PALAPALA BARANGKA SUCAT SAN ANTONIO SAN PABLO PLAZA SHELL EMERALD ALMANZA GUMACA EDSA IT BF AGUIRRE THE DISTRICT DASMARINAS ROCKWELL ORTIGAS VALLEY 1 XENTRO MALL PASIG CARUNCHO MCCAFE MAYBANK CANDELARIA RETIRO CAG DE ORO LIMKETKAI STARMALL STA ROSA (VISTA) ALIMALL DAVAO BAJADA BALIBAGO STA ROSA WEST AVENUE GENSAN HIGHWAY NORTH MOLINO PROJECT 8 SM GENSAN CARMONA EDSA PANAY DAVAO MATINA CROSSING SILANG HIGHWAY NORTH AVE. CALTEX DAVAO BUHANGIN MARAOUY LIPA TRINOMA MALL 1 KAUSWAGAN HIGHWAY CEBU NORTH RECLAMATION EASTWOOD MALL PALAWAN KALIBO MDC 100 SM PUERTO PRINCESA TOLEDO CITY ABS MARCOS HI-WAY ARANETA BACOLOD SAN CARLOS NEGROS ESTANCIA KALIBO
READ MORE“A farmer has to be a scientist. You have to do a lot of observing. You don’t just plant and plant.” – This is the philosophy that farmer-turned-agripreneur Ruben Ragas lives by. His farm in Cabadbaran City, Agusan del Norte is proof of his careful and meticulous planning. All sections - from the fish pond and livestock shed to the various vegetable plots - are strategically laid out for specific reasons. “It has to be,” Ruben says. “For example, since the wind from the sea blows from the west, if we put the livestock shed west of the house, the smell is going to go straight to our living room. Everything has to be thought out.” Ruben is among the hundreds of small farmers who benefited from direct financing from LANDBANK through the Agricultural Competitiveness Enhancement Fund (ACEF). The ACEF Lending Program is implemented by LANDBANK in partnership with the Department of Agriculture to help increase the productivity of farmers, fishers, and their cooperatives and associations, as well as MSMEs, through credit assistance. Since the Program was launched in 2018, the Bank has so far released P154.29 million in loans to more than 400 borrowers. Continuous learning Determined to improve his knowledge and skills, Ruben continuously attended seminars and technical courses related to farming. His one-year stint with the Federation of Agrarian Reform Communities further taught him basic knowledge and skills on effective farming and efficient marketing strategies. Equipped with farm resource and basic entrepreneurial experience, Ruben hoped to further grow their family’s livelihood. Through LANDBANK-assisted Baug CARP Beneficiaries Multi-Purpose Cooperative (BCBMPC) in Magallanes, Agusan del Norte, Ruben was able to buy seedlings and farm-inputs from a P15,000-loan from the coop. Over the next few years, he went to BCBMPC for more capital, including a P50,000 loan, to help him buy another half-hectare of land. He has also since then diversified into raising tilapia and various livestock. Before venturing into diversified and organic farming, his family’s income was so small. Ruben recalls how they used to live in a wood and nipa house with no concrete floor. His farm also used to be overrun with tall grass and the land so infertile. Today, his integrated farm is planted with a variety of vegetables, fruits, and root crops. He also raises native chicken, turkey, goats, and cows; and he produces tilapia, dalag, and other native freshwater fish. He remains methodical as he implements organic farming – with the manure of his livestock and left-over vegetables allowed to naturally decompose for use as fertilizer; while the urine from his goats are for later use as plant insect repellent and fungicide. In 2018, Ruben availed of the ACEF loan from LANDBANK, hoping to further expand his farm. Less than four months after the release of the loan, Ruben and his family launched The Ragas Farm where visitors are allowed to pick their choice of fruits and vegetables and buy them at significantly cheaper prices than retail market price. Aside from working capital for vegetable production, LANDBANK also provided Ruben with a term loan for the improvement of his farm which includes the building of a training hall and a drilled well for their farm irrigation. Through his methodical farming and the financial support provided by LANDBANK through the ACEF Fund, The Ragas Farm is now a major producer of farm-fresh vegetables. It is also fast becoming a major agri-tourism site – attracting visitors from different municipalities and serving as a venue for technology trainings for various small farmers. Ruben is now also an educator and life coach sought after by institutions to conduct lessons and seminars for aspiring agri-entrepreneurs. For his accomplishments in farming and inspiring drive to succeed, Ruben was awarded by LANDBANK as “Ulirang Magsasaka” in the 2015 Gawad sa Pinakatanging Kooperatiba.
READ MORE(Top photo) Agusan del Norte Gov. Dale Corvera (7th from left) and LANDBANK President and CEO Cecilia C. Borromeo (8th from left) lead the ceremonial awarding of ACEF loans to palay farmer Agapito A. Bacalso Sr. (5th from right) and corn farmer Violita T. Prandas (4th from right) during the LANDBANK Financial Inclusion Forum in Las Nieves, Agusan del Norte attended by more than 600 small farmers (lower photo). Also introduced during the program was Baug CARP Beneficiaries MPC as the Bank’s Agent Banking Partners in Las Nieves, led by General Manager Luxmi Auxillo (5th from left). Joining them are Las Nieves Mayor Avelina Rosales (9th from left), Vice Mayor Larry Bautista (6th from left), and LANDBANK officials led by Branch Banking Sector Head EVP Joselito Gutierrez (3rd from left), Mindanao Lending Group Head FVP Charlotte I. Conde (2nd from left), East Mindanao Branches Group Head FVP Camilo C. Leyba (rightmost), and CARAGA Lending Center Head Department Manager Linbert Fajunio (leftmost). LAS NIEVES, Agusan del Norte – For most residents of this 2nd class municipality in the northern part of the province, farming and fishing has been the way of life for its close to 30,000 residents, with the nearest banks and financial institutions still two hours away from the nearby cities of Bayugan and Butuan. Las Nieves is one of the country’s 536 cities and municipalities out of 1,634 that have remained unbanked according to the 2017 Financial Inclusion Survey of the Bangko Sentral ng Pilipinas (BSP). This year, it is one of eight municipalities where Land Bank of the Philippines (LANDBANK) is launching its Agent Banking Program, which will provide the public with basic banking transactions such as Point-of-Sale (POS) cash-out, prepaid card sale, card reload/card refund/withdrawal, balance inquiry, and bills payment. Through partnerships with client cooperatives, associations, small and medium enterprises (SMEs), and private entities, LANDBANK’s Agent Banking Program is targeted to further expand its reach in remote and unbanked areas without the Bank’s presence. During LANDBANK’s 5th Financial Inclusion (FI) Forum for 2019 here last October 12, 2019, the Bank formally introduced the Baug CARP Beneficiaries MPC (BCBMPC) as its first Agent Banking Partner in Las Nieves. Launched in 2016, and now on its fourth year run, the half-day forum, dubbed “Ipon at Kabuhayan para sa ating Kababayan,” gathered more than 600 attendees, majority of whom are farmers and agrarian reform beneficiaries (ARBs). “This is part of LANDBANK’s efforts in bringing our products and services closer to the countryside. With this campaign, we hope to uplift the lives of our fellow Filipinos, particularly the small farmers and fishers, and their families, who are in dire need of financial support for their agricultural livelihood activities,” said LANDBANK President and CEO Cecilia C. Borromeo. BCBMPC started as an association of small fishers of shrimps and crabs in 1987. By 1995, they were officially recognized by the Department of Agrarian Reform (DAR) as an ARB-cooperative with 110 members. They were first granted a production loan by LANDBANK on October 12, 1998. And exactly 21 years later, on October 12, 2019, LANDBANK has now partnered with BCBMPC as the Bank’s Agent Banking Partner in Las Nieves under the Agent Banking Program. The Cabadbaran City-based cooperative now boasts of 20,000 coop members, with total assets of P700 million. The LANDBANK FI Forum is an initiative of the Bank in line with its financial inclusion thrust of serving unbanked communities across the country. Since its launch, LANDBANK has helped bring over 10,000 underserved Filipinos under the umbrella of formal financial services from 28 municipalities. Las Nieves is the 5th stop of the FI Forums this year. A total of 3,252 farmers and fishers have already participated in the first five areas of the FI Forums namely, Sto. Niño, Cagayan; Rizal, Palawan; Libacao, Aklan; and Aloguinsan, Cebu. FI Forums will also be conducted in Mayantoc, Tarlac; Claveria, Misamis Oriental; and Polillo Islands, Quezon within the year. During the event, LANDBANK featured modules on financial literacy to help farmers improve their income through the proper management of finances, as well as Bank products and services, particularly its direct lending programs for farmers. These programs include the Accessible Funds For Delivery to Agrarian Reform Beneficiaries (AFFORD-ARBs), the Agricultural Competitiveness Enhancement Fund (ACEF), and the Rice Competitiveness Enhancement Fund (RCEF). At the same time, BCBMPC received a ceremonial check from LANDBANK in the amount of Php200 million representing its loan from the Bank for relending to small farmers and fishers. Joining LANDBANK President Borromeo at the event were Agusan del Norte Governor Dale B. Corvera, Las Nieves Mayor Avelina S. Rosales, LANDBANK Executive Vice President for Branch Banking Sector Joselito P. Gutierrez, East Mindanao Branches Group Head First Vice President Camilo C. Leyba, Mindanao Lending Group Head First Vice President Charlotte I. Conde, CARAGA Lending Center Head Department Manager Linbert Fajunio, and Butuan Branch Head Department Manager Augustus Manuel E. Mantua. Meanwhile, farmers who availed of the ACEF loan program were also recognized during the event, namely Agapito A. Bacalso Sr. (palay production) and Violita T. Prandas (corn production).
READ MOREBangko Sentral ng Pilipinas Governor Benjamin E. Diokno (3rd from left) leads the launch of the EGov Pay and QR Ph last November 20, 2019 with (left to right) RCBC President and CEO Eugene S. Acevedo, LANDBANK President and CEO Cecilia C. Borromeo, PayMaya Founder and CEO Orlando B. Vea, UnionBank President and CEO Edwin R. Bautista. Land Bank of the Philippines (LANDBANK) announced that it has already enrolled nearly 700 merchants to its Link.Biz Portal, which facilitates electronic payment to various government and private merchants, in support of the Government e-Payments (EGov Pay) Program of the Bangko Sentral ng Pilipinas (BSP). This makes LANDBANK the first bank to implement the EGov Pay. At the recent launching of the BSP’s EGov Pay and National Quick Response Code Standard (QR Ph) Programs, LANDBANK said a total of 349 government agencies and 332 private institutions to date are already enrolled in LANDBANK’s Link.Biz Portal, such as the Bureau of Internal Revenue (BIR), Philippine National Police (PNP), Philippine Overseas Employment Administration (POEA), Professional Regulation Commission (PRC), and the Department of Trade and Industry (DTI), among others. LANDBANK developed the Link.Biz Portal, together with the Philippine Payments Management, Inc. (PPMI) and PESONet, in support of the National Retail Payment System (NRPS), a policy framework that seeks to establish a safe, efficient and reliable retail payment system in the country. “We congratulate the BSP for these milestone initiatives. LANDBANK supports these programs as the safest, most convenient and cost-efficient means of accelerating digital payments across the country. Through our Link.Biz Portal, we are able to help government collect revenues efficiently, which facilitates the prompt delivery of social services to the public through a quick and safe payment mechanism via the internet,” said LANDBANK President and CEO Cecilia C. Borromeo. Link.Biz Portal is designed to allow clients to conveniently pay for products and services online for both government and private institutions, using LANDBANK and other PESONet PayGate participating banks accounts, BANCNET-partner issuing bank accounts, Globe G-Cash accounts, and cash payment option. Meanwhile, LANDBANK said it has also adopted the QR Code for person-to-person (P2P) fund transfers between LANDBANK account holders. The QR Code is a two-dimensional bar code which stores digital information and allows clients to transfer funds to a destination account via an online channel or application, where clients could scan/import the recipient banks’ QR Code via their mobile devices.
READ MORE(Seated) Cabinet Secretary Karlo Nograles (5th from left) leads the signing of the Memorandum of Understanding (MOU) for the national government’s Expanded Partnership Against Hunger and Poverty (EPAHP) Program. Signatories to the MOU include (seated, L-R) LANDBANK President and CEO Cecilia C. Borromeo, NIA Admin. Ricardo Visaya, TESDA Sec. Isidro Lapeña, DAR Sec. John Castriciones, DSWD Sec. Rolando Bautista, DA Sec. William Dar, POPCOM Deputy Exec. Dir. Lolito Tacardon, (standing, L-R) DTI Sec. Ramon Lopez, NNC Exec. Dir. Azucena Dayanghirang, DOH Sec. Francisco Duque III, DILG Sec. Eduardo Año, DepEd Sec. Leonor Briones, DOST Usec. Brenda Nazareth-Manzano, NAPC Sec. Noel Felongco, WFP Philippines Deputy County Dir. Mats Persson, and UN FAO Asst. Rep.Tamara Palis-Duran. The Land Bank of the Philippines (LANDBANK) has officially joined the Expanded Partnership Against Hunger and Poverty (EPAHP) Program—a collaborative government initiative designed to mitigate hunger, promote food security, and reduce poverty in the country by year 2030. Together with Cabinet members and senior government officials, LANDBANK President and CEO Cecilia C. Borromeo signed the Memorandum of Understanding (MOU) to formalize the Bank’s participation last December 9 in Malacañang, Manila. “We are honored to collaborate and contribute to this concerted endeavor against hunger and poverty. Our participation in the EPAHP Program complements our efforts to find new ways to reach and help underserved and underprivileged areas. This is once again an opportunity for us to support and participate in the National Government’s community-building programs,” President Borromeo said. Under the MOU, LANDBANK is tasked to provide credit support to community-based organizations (CBOs) for food production, processing, and marketing, which is consistent with its mandate to spur inclusive and sustainable development in rural communities and marginalized areas. LANDBANK will extend credit assistance to eligible CBOs such as cooperatives, agrarian reform beneficiary organizations, small water impounding systems associations, irrigators associations, day care services parents groups, smallholder farmer associations, fishers organizations, and people’s organizations, among others. The EPAHP initiative aims to contribute in addressing hunger and poverty in the country by converging relevant programs of participating government agencies to maximize results for the benefit of the poor and marginalized. Through the MOU signing, LANDBANK officially joins the EPAHP Program team alongside the Department of Agrarian Reform (DAR), Department of Social Welfare and Development (DSWD), Department of Agriculture (DA), Department of the Interior and Local Government (DILG), Department of Education (DepEd), Department of Health (DOH), Department of Science and Technology (DOST), Department of Trade and Industry (DTI), Bureau of Jail Management and Penology (BJMP), National Anti-Poverty Commission (NAPC), National Irrigation Administration (NIA), Technical Education and Skills Development Authority (TESDA), and the Commission on Population and Development (POPCOM).
READ MORE(Left photo) Caticlan Boracay Transport Mulit-Purpose Cooperative (CBT MPC) Chairman Godofredo B. Sadiasa (center) and LANDBANK Agricultural Development and Lending Sector Head Executive Vice President Liduvino S. Geron (second from right) led the signing of the P135 million-worth loan under the Ferry Boat Inclusive Program (FBIP) for the modernization of the co-op’s fleet of vessels. Also present in the signing are Vice Chairperson Anabelle T. Dalinog (second from left), Treasurer Paulino O. Dela Torre (leftmost) and LANDBANK Capiz Lending Center Head Giovani T. Baoy (rightmost). (Right photo) LANDBANK officials conduct an inspection of a sample fiber-glass boat to be procured by CBT MPC under the loan program with the Bank. As part of the Government’s thrust to help facilitate economic activities through modern ferry boats, the Land Bank of the Philippines (LANDBANK) and the Caticlan Boracay Transport Multi-Purpose Cooperative (CBT MPC) signed a P135-million loan agreement to replace the cooperative’s existing wooden boats to fiber glass. CBT MPC is the principal ferry boat operator plying the Caticlan-Boracay route. However, among their current fleet of 58 vessels, only 9 are steel-hulled or made of fiberglass. Under LANDBANK’s Ferry Boat Inclusive Program (FBIP), the co-op availed of loan to finance the acquisition of brand new and modern ferry boats as replacement to their wooden hulled vessels that are no longer eligible for franchise under the new Maritime Industry Authority (MARINA) rules. Additionally, this partnership will help boat-owners and boatmen of CBT MPC to augment their income and provide safer and more comfortable ride for Boracay tourists, residents, and laborers alike. It will also generate more employment in the community as each modern passenger boat can employ a crew of four as compared to wooden boats with only two. LANDBANK Agricultural Development and Lending Sector Head Executive Vice President Liduvino S. Geron and CBT MPC Chairman Godofredo B. Sadiasa led the signing together with the cooperative’s Vice Chairperson Anabelle T. Dalinog, Treasurer Paulino O. Dela Torre, with the Bank’s Capiz Lending Center Head Giovani T. Baoy and employees from Kalibo Satellite Office. “We would like to thank LANDBANK for this opportunity and we will never forget this partnership. This will be a springboard for a greater CBT MPC probably in the next twenty years,” Sadiasa said. FBIP is part of the Bank’s support to Department of Transportation’s modernization program. Aside from bridging the gap of socio-economic growth among islands, the Bank is also looking to boost the domestic tourism through the acquisition of modern passenger boats as well. “We are committed to nourishing the countryside and promoting financial inclusivity, which includes assisting in the movement of commodities, products, and people that are reliant on maritime transport,” said LANDBANK President and CEO Cecilia C. Borromeo. Riding the waves through more robust vessels FBIP was first launched in 2017 then expanded in 2019 to cater to more interested clients currently involved and looking to be involved in the ferry boat business. With FBIP, the Bank hopes to contribute to the improvement of the agricultural value chain by ushering in safe delivery of fresh goods to the market that require inter-island transportation, while also promoting a modern maritime fleet for the safety and convenience of agri-aqua development players in the country. Small boat owners, cooperatives, and corporations can avail of this financing Program provided that they will pass the franchising policy set by MARINA—the country’s maritime authority tasked to uphold safe domestic ferry travels. Aside from the approval of franchising policy, interested parties should also be compliant with the boat safety standards set by MARINA. Interested borrowers can contact LANDBANK’s 24/7 customer service hotline at (02) 405-7000 or at PLDT Domestic Toll Fee 1-800-10-405-7000, for more information.
READ MOREFor a minimum investment of P5,000, interested investors may purchase the Bureau of the Treasury’s (BTr) Retail Treasury Bonds Tranche 24 (RTB-24 or Progreso Bonds) and help boost the state’s coffers for socioeconomic development initiatives. On July 16, 2020 (4:00PM), the Department of Finance (DOF) and BTr will launch through a virtual Qualified Institutional Buyers (QIB) Investor’s Briefing the five-year RTB-24 or Progreso Bonds offering with Bond Exchange, to generate at least P30 billion. The event will be streamed live via the Facebook Page of the BTr (www.facebook.com/TreasuryPh) to be shared by LANDBANK (www.facebook.com/landbankofficial) and other participating Banks. The virtual event will be led by Finance Secretary Carlos G. Dominguez and National Treasurer Rosalia V. De Leon, together with Land Bank of the Philippines (LANDBANK) President and CEO Cecilia C. Borromeo, and Development Bank of the Philippines (DBP) President and CEO Emmanuel G. Herbosa. The RTB-24 will be offered to the investing public until August 7, 2020, with state-run lenders LANDBANK and DBP as the Joint Lead Issue Managers. They will be joined by BDO Capital and Investment Corporation, BPI Capital Corporation, China Bank Capital, First Metro Investment Corporation, PNB Capital Corporation, RCBC Capital Corporation, SB Capital Corporation, and Union Bank of the Philippines as Joint Issue Managers. “LANDBANK’s participation in the RTB-24 or Progreso Bonds offering is a testament to the Bank’s unwavering support to the National Government to raise funds for its socio-economic development initiatives. Rest assured that the Bank will do its part to promote and encourage retail investors to invest in the Progreso Bonds,” LANDBANK President and CEO Borromeo said. The proceeds to be generated from RTB-24 will be utilized by the National Government to fund health initiatives, especially priority measures to respond to and recover from the COVID-19 crisis, and extend support to overseas Filipino workers (OFWs) and Small and Medium Enterprises (SMEs). Interested investors may purchase RTB-24 through the branches of LANDBANK those of participating institutions. They can also purchase the Bonds through the RTB Online Ordering Facility at the BTr’s website and through the BONDS.PH mobile application. On top of selling the new Bonds, the BTr will be allowing holders of previously issued bonds, namely, RTB 10-01, FXTN 05-73, RTB 10-02 and FXTN 07-57 to exchange and reinvest their bond holdings for the RTB-24. It will be the second time that the BTr will issue RTBs this year, after the issuance of the RTB-23 with exchange offer last February. The RTBs are generally considered low-risk investments which allow investors to earn a fixed interest quarterly during the term of the bond based on prevailing market rates. For more updates, please Follow, Like and Share the official LANDBANK Facebook and Instagram accounts (@landbankofficial) and Twitter (@LBP_Official) or visit the LANDBANK website (www.landbank.com).
READ MORELaunch of Digital Personal Equity and Retirement Account (PERA) Date : 08 September 2020 (Tuesday) Time : 9:00am to 11:00am Platform : Facebook Live (facebook.com/BangkoSentralngPilipinas)
READ MOREState-run Land Bank of the Philippines (LANDBANK) is set to issue its first-ever Sustainability Bonds offer to fund environmental and social projects. LANDBANK is looking to tap and access the capital markets to raise at least P3 Billion from the peso-denominated fixed-rate bond offering with a two-year tenor. Due in 2024, the bonds will be issued in minimum denominations of P50,000 and in multiples of P10,000 thereafter. Interest rate is expected to be set on October 23 while offer period is scheduled from October 26 to November 6, 2020. Listing at the Philippine Dealing and Exchange Corporation (PDEx) is set on November 17. Standard Chartered Bank (SCB) will be the sole lead arranger and bookrunner, while both LANDBANK and SCB will be selling agents. “With the pandemic posing both as a pressing challenge and opportunity, it strengthens LANDBANK’s commitment all the more, with a sharpened focus in supporting sectors and activities for sustainable recovery,” said LANDBANK President and CEO Cecilia C. Borromeo in her speech during the Sustainability Bonds virtual investors' briefing held on October 21. LANDBANK will utilize the proceeds from the issuance to finance various loan programs that support sustainable projects such as green and social projects, as identified in LANDBANK’s Sustainable Finance Framework—the Bank’s blueprint for developing sustainable financing instruments. Green Projects include those that contribute to environmental objectives such as climate change mitigation and adaptation, natural resource and biodiversity conservation, and pollution prevention and control, among others. Social Projects are ventures help address a social concern and seen to impact on people's lives. These include projects for basic infrastructure, food security, essential services, affordable housing, employment generation, and food security. LANDBANK’s Sustainable Finance Framework is aligned with sustainable finance principles enumerated in the Sustainability Bond Guidelines 2018 by the International Capital Market Association and the ASEAN Sustainability Bond Standards 2018 by the ASEAN Capital Markets Forum, among others.
READ MOREState-run Land Bank of the Philippines (LANDBANK) today announced it has set the interest rate of 2.5872% for its first-ever Sustainability Bonds offer to fund environmental and social projects. During the Sustainability Bonds virtual investors' briefing held last October 21, the offer period was initially scheduled from October 26 to November 6, 2020. However, due to the very strong demand and oversubscription, LANDBANK said it is now closing the offer period on Monday, October 26, 2020. LANDBANK is looking to tap and access the capital markets to raise at least P3 Billion from the peso-denominated fixed-rate bond offering with a two-year tenor. Due in 2022, the bonds will be issued in minimum denominations of P50,000 and in multiples of P10,000 thereafter. Standard Chartered Bank (SCB) is the sole lead arranger and bookrunner, while both LANDBANK and SCB will be selling agents. LANDBANK will utilize the proceeds from the issuance to finance various loan programs that support sustainable projects such as green and social projects. Green Projects include those that contribute to environmental objectives such as climate change mitigation and adaptation, natural resource and biodiversity conservation, and pollution prevention and control, among others. Social Projects are ventures help address a social concern and seen to impact on people's lives. These include projects for basic infrastructure, food security, essential services, affordable housing, employment generation, and food security.
READ MOREAs of Wed, July 16, 2025
| Buying | Selling | |
|---|---|---|
| USD | 56.55 | 57.05 |
| JPY | 0.374635 | 0.389138 |
| EUR | 64.687914 | 67.18807 |
| GBP | 74.633892 | 77.518456 |
| HKD | 7.177955 | 7.712475 |
As of Tue, July 15, 2025
| UITF | NAVPU |
|---|---|
| Cash Management Fund | 1.571702 |
| Money Market Fund | 1.321913 |
| Money Market Plus Fund | 1.234133 |
| PERA Money Market Fund | 1.030148 |
| Medium-Term Bond Fund | 2.490478 |
| Bond Fund | 2.043517 |
| PERA Bond Fund | 1.212978 |
| Balanced Fund | 2.718687 |
| Growth Fund | 2.665177 |
| Alpha Equity Fund | 3.19692 |
| Blue Chip Equity Fund | 0.991579 |
| Equity Fund | 0.83949 |
| High Dividend Equity Fund | 1.036588 |
| US$ Money Market Fund | 1.441374 |
| Global $ Fund | 1.545356 |
