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09
Mar

CBMPC Floats Series V Bonds

The CBMPC Board of Directors, in its meeting held on September 30, 2025 approved the floating of CBMPC Bonds Series V with issue size of P3.0M for one and half (1 1/2) years to mature on June 1, 2027.

The offer period started on October 16, 2025 until fully subscribed but not beyond November 29, 2025. Payment date is upon subscription until November 29, 2025.

The proceeds are intended to fund the various projects of CBMPC lending activities and other activities, and provide medium term investment opportunities to the coop members.

The features of this series are as follows:

The Bond is not covered by PDIC. The CBMPC assigns its Las Piñas property and investment in LSERV Corporation as security to the bonds issued.

The manner of distribution is a direct subscription with CBMPC by its members, whether regular or associate. Its form is certificated with CBMPC which is also acting as the Registry.

The bonds shall be held until maturity but may be allowed to be transferred to another member holder as negotiated by the holder and can be sold at the secondary market, at the holder’s initiative.

The source of payment will be coming from CBMPC rental collections of its property as well as from the collections of loans and/or proceeds of maturing investments.

CBMPC reserves the right to pre-terminate the bond in the event the Las Piñas property and LSERV shares are sold prior to the maturity dates of the bond. There shall be no pre-termination penalty on the part of CBMPC & and it shall pay the interest stipulated at 4% up to date of pre- termination by CBMPC. The investors however do not have the right of pre-termination.

The bond is eligible as a collateral to any CBMPC loan products and the bondholders can borrow up to a maximum of 90% of the face value of their bonds.

 

 

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