CBMPC to Float Series III, 3-Year, P5M Bonds

To fund its various projects such as the lending and other activities, and provide medium term investment opportunities for its members, the coop will float the fixed-rate CBMPC Bond III S 2023. These bonds shall have the following features:

Series: III Tenor: Three (3) years

Minimum Investment Required: P100,000.00 with increments of P10,000.00

Interest Rate: 4.25% p.a. (Tax exempt) The first quarter interest computation shall start from actual date of payment of subscription (not earlier than November 15, 2023 and not later than                                       December 28, 2023) until interest payment date. Subsequent quarterly payments shall have uniform number of days since investors have already been paid the interest due                                     them  in the first quarterly payment.

Issue Price: Face value of the Bonds

Issue Size: P5.0 M

Issue Date: November 15, 2023

Maturity Date: November 14, 2026

Offer Period: October 15, 2023 until fully subscribed but not beyond December 28, 2023

Payment Date: Upon subscription starting October 15, 2023 until December 28, 2023

PDIC Coverage: None. CBMPC assigns its Las Piñas property as security to the Bonds issued.

Manner of Distribution: Direct subscription with CBMPC by its members, whether regular or associate

Form: Certificated with CBMPC also acting as the Registry

Listing: The Bonds are not intended to be listed at the Philippine Dealing & Exchange Corporation (PDEx)

CBMPC’s rental collections from its property as well as from the collections of loans and/or maturity of investments are the sources of payment of these Bonds. In case of default, CBMPC assigns its six (6) units apartment located in Don Leoncia Subdivision, Las Piñas City.

CBMPC reserves the right to pre-terminate these bonds in the event that the Las Piñas is sold prior to the maturity of the bonds. There shall be no pre- termination penalty on the part of CBMPC and it shall pay the interest stipulated at 4.25% up to the date of pre-termination by CBMPC. The investors however, do not have the right of pre-termination.

The CBMPC bonds shall be held until maturity but may be allowed to be transferred to another member holder as negotiated by the holder (secondary sale shall be at the holder’s initiative). These bonds are eligible as collaterals to any CBMPC loan products or the bondholders can borrow against the bonds up to a maximum of 90% of the face value of their bonds.