Commercial Paper

Long-Term Commercial Paper

For investors who want to ride the yield curve, the BDO LTCP is the perfect vehicle. The coupon interest is repriced every quarter and pegged at the recently auctioned 91-day Treasury Bill average for the Peso LTCP and the LIBOR for the USD LTCP.

Banco de Oro Long-Term Commercial Paper (PHP)

Issuer - Banco de Oro Universal Bank
Minimum investment is P500,000.00 (P50,000.00 denominations)
Issue date - January 28, 2000
Maturity Date - February 2, 2005
Interest rate - The interest rate is tax-exempt and is repriced quarterly based
Interest Payment - Interest shall be given every quarter
Auto Credit - All proceeds will be automatically credited to the client's BDO account
Secondary trading - BDO Capital commits to provide a 2-way market for the security to ensure liquidity at all times. Clients can buy or sell from any of the BDO branches at the current market price.
Potential use as collateral - The bonds can be used as collateral for loans with BDO.

Banco de Oro Long-Term Commercial Paper (USD)

Issuer - Banco de Oro Universal Bank
Minimum investment is US$10,000.00 (US$1,000.00 denominations)
Issue date - January 28, 2000
Maturity Date - February 2, 2005
Interest rate - The interest rate is tax-exempt and is repriced quarterly based on the applicable latest 3-month London Interbank Offered Rate (LIBOR) on the day prior to each Interest Payment Date plus a spread of eighty (80) basis points (0.8%) per annum
Interest Payment - Interest shall be given every quarter
Auto Credit - All proceeds will be automatically credited to the client's BDO US Dollar account
Secondary trading - BDO Capital commits to provide a 2-way market for the security to ensure liquidity at all times. Clients can buy or sell from any of the BDO branches at the current market price
Potential use as collateral - The bonds can be used as collateral for loans with BDO

Computation:
Principal = (Face Value x Price / 100) + Accrued Interest
Accrued Interest = Face Value x Coupon Rate x Days Lapsed / 360

For more information, please call BDO Capital at 636-0961 or visit the Banco de Oro branch nearest you.