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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) up to Php500,000.00. 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
  • Data Privacy Form
  • Others as may be required by the Issuer (e.g. Application to Purchase, PDTC Specimen Signature Sheet, among others)

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Customer Care Hotline
(+632)
8-405-7000

PLDT Domestic Toll Free
1-800-10-405-7000

Email Address
customercare@mail.landbank.com

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