TREASURY SERVICES

 


Sterling Bank offers a range of Treasury products and services from sale of fixed income securities (government securities and corporate bonds) to the more sophisticated and financially engineered products to meet the dynamic requirements of its clients. Managed by a team of dedicated officers, you can be assured that your investment will be handled in a prudent manner.

 

 


 

Fixed Income Securites

    
Government Securities

 Treasury Bills - Short-term securities with maturity of one (1) year or less.  A non-interest bearing instrument but issued on a discount from face value and is redeemable upon maturity of 100% face value.  The amount of the discount and the length of time the bills are held before they mature imply some specific yield or return to the investor.  These instruments are direct, unconditional and fully guaranteed obligations of the National Government.  Treasury Bills are subject to the prevailing 20% withholding tax.
 

Fixed Rate Treasury Notes(FXTNs)
and Retail Treasury Bonds(RTB
) - Debt instruments issued by the Philippine government with an unconditional promise to pay an amount stated on the face of the instrument plus accrued interest at specific future dates. These instruments are direct, unconditional and fully guaranteed obligations of the Republic of the Philippines.  Coupons are paid on a semi-annual and quarterly basis respectively. Long-term investments of more than 1 year.




Peso Corporate Bonds

Peso denominated debt instruments issued by a corporation with a promise to pay an amount stated on the face of the instrument plus accrued interest at specific future dates. These instruments are direct, unconditional and guaranteed obligations of the issuing corporation. Coupons are paid either on a semi-annual or quarterly basis. Investment tenors are more than 1 year.



USD Sovereign Bonds

US Dollar denominated debt instruments issued by the government with an unconditional promise to pay an amount stated on the face of the instrument plus accrued interest at specific future dates. These instruments are direct, unconditional and fully guaranteed obligations of the issuing country. Coupons are paid on a semi-annual and quarterly basis respectively. Investment tenors are more than 1 year.



USD Corporate Bonds

US Dollar denominated debt instruments issued by a corporation here and abroad with a promise to pay an amount stated on the face of the instrument plus accrued interest at specific future dates. These instruments are direct, unconditional and guaranteed obligations of the issuing corporation. Coupons are paid either on a semi-annual or quarterly basis. Investment tenors are more than 1 year.

 

 

 

 

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