On-Shore Dollar Bonds (ODBs)

 

These are foreign denominated instruments that are direct, unconditional and fully guaranteed obligations of the National Government. ODBs are an alternative investment vehicle that has features similar to ROPs but are issued, traded and settled on-shore.

 

Target Market

Individual and Corporate clients who are looking for risk-free investments

 

Product Features

 

Minimum Face Amount 

USD 10,000.00 

Tenor 

10 years from original issue date 

Price 

Varies daily depending on market and tenor 

Coupon Payment 

Semi-annual or as prescribed

Documentation

Confirmation of Sale

Liquidity Policy

Clients may sell subject to prevailing market prices

Standard Settlement

T+3, all deals to be settled after 3 banking days

Trading Hours

9:00 am - 12:00 noon; 2:00 pm - 4:00 pm

Required Documents

  • Customer Information Sheet

  • 3rd party documents (notarized)

  • Photocopy of 1 valid ID

Advantages

  • Better yields

  • Opportunity for Trading Gains

 

*This is not a deposit account. Earnings are not assured and principal amount invested is exposed to risk of loss. This product cannot be sold to you unless its benefits and risks have been thoroughly explained. If you do not fully understand this product, do not purchase or invest in it.