CBMPC Floats 5-Year, P5 Million Bonds

To fund the various projects of the coop such as the hydroponics and other agri-related activities, CBMPC floated fixed-rate, 5-year Bonds totaling P5 Million on July 1, 2021 to mature on June 30, 2026. The bond flotation has a minimum investment of P100,000.00 and top-up in multiples of P20,000.00. It has a coupon rate of 4% per annum, tax free and with quarterly interest pay out starting October 1, 2021.

Noteworthy is that the bonds are eligible as collaterals to any CBMPC loan products and the bondholders can borrow up to a maximum of 80% of the face value of their bonds. The CBMPC bonds are transferable and can be sold in the secondary market, at the option of the bondholders. The bonds are secured by the CBMPC’s condo unit at One Taft Residence located at 1939 Taft Avenue, Malate, Manila.

The initial offering of the 5-year CBMPC bonds is fully subscribed by 22 coop members. However, a second bond offering will be announced via the CBMPC webpage and/or Facebook page once the coop needs additional funding.