Philippines

Treasury Bonds

Are you the type that wants to diversify one’s fixed income investment portfolio? Treasury Notes and Treasury Bonds are considered the safest. Treasury Notes and Bonds, FXTNs and RTBs as they are commonly called, are medium- to long-term government securities that pay interest regularly (known as interest coupon payments) . This is a relatively risk-free investment as these are direct obligations of the Republic of the Philippines denominated in the local currency.

You can enjoy the high yields of this security with a minimum investment of Php 200,000. You get paid regularly in interest until the bond matures or until you decide to sell the security back to PNB before it matures.

You can have all these through PNB. PNB is a registered Broker-Dealer of Fixed Income Securities with the Securities and Exchange Commission. We have licensed Fixed Income Securities Salesmen strategically located nationwide to cater your investment needs. PNB is also a Brokering Participant in the Fixed Income Trading Platform of the Philippine Dealing and Exchange Corporation which gives you the access to a wide array of investment instruments at the best market price.

Features:

  • These are direct obligations of the Philippine government and are issued through its Bureau of the Treasury.
  • Original Tenors: 2, 3, 4, 5, 7, 10, 15, 20 and 25 years
  • Quoted in terms of Yield-to-Maturity, its values depend on prevailing market rates.
  • Computation of selling price is based on number of years/days remaining till the maturity of a series using a 360 day count.
  • Interest is paid regularly and is subject to withholding tax (currently at 20%). Interest is based on the coupon rate which is determined at the time the security was initially auctioned. Coupons for FXTNs are paid semi-annually. Coupons for RTBs are paid quarterly.
  • Minimum placement: Php 200,000.00 face value. Subject to availability of the security.
  • The Bank charges a Broker’s Commission for every done trade through PNB.
  • Settlement is on the next banking day after the transaction (T+1).
  • Documentation: PNB issues a Confirmation of Sale (CoS) to the investor. This COS also indicates that no certificates are to be issued to the investor but ownership of the FXTN or RTBs are electronically recorded in Bureau of The Treasury’s Registry of Scripless Securities (RoSS) under the investor’s name, or its designated third-party custodian.
  • Whether to cash in on gains or to meet liquidity needs, the client can sell the bonds through PNB at prevailing market rates.

Note: Zero-coupon bonds and other government bonds are available from time to time.
 
For inquiries and indicative rates, please call Treasury Marketing Group at (02)526-3019 to 26.

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PNB is OPEN this Holy Week

Selected branches are open on April 17, 18, 19, and 20, 2014. Click here to download list of selected branches.

Extended Banking Hours for Income Tax Returns/Payments


Philippine National Bank (PNB) will open some of its branches on April 5 and 12 to process the Income Tax Returns or Payments. PNB will also extend the banking hours of selected branches up to 5:00 PM from April 1 to 15 to address the expected increase in bank transactions.



Deposit Board Rates

Please be advised of the changes in deposit board rates of Dollar Time Deposit and Prime Savings account. The changes shall take effect on January 1, 2014.


Fees and Charges

Please be advised of changes in our fees/charges & maintaining balance requirements given the need to align the same following the merger of PNB and Allied Bank last February 2013. The changes as applicable shall take effect on January 1, 2014.

Internet Banking

To Our Valued Clients,

PNB Internet Banking will launch an enhanced security feature to provide added protection for your online transactions:

• You will be provided with an Online Activation Code via SMS and e-Mail when you enroll in our Internet Banking facility

• You will also receive SMS notifications whenever you do the following:
- Enroll your Third Party Accounts
- Change your profile details (password, e-Mail address, mobile nos. etc)
- Make an immediate Fund Transfer to Third Party accounts

Please make sure that your mobile number in your Internet Banking profile is updated in order to receive these notifications.

Bank Merger

As PNB and Allied Bank continue to align their services. We are pleased to announce that PNB branches that display the interbranch transaction advisory are now capable of processing selected transactions for former Allied Bank clients. Please proceed directly to the special lanes designated for Allied Bank transactions.

Amendments in the PNB UITF's

Effective October 1, 2013, the product features of various PNB UITF's will be amended. For more details, please click this here

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