Security Bank Transaction - At Last!

This blog entry was actually long overdue and I have to re write every corner of its contents since nothing in the original content are currently applicable. The original title also included the abbreviation UITF, however as the leaf of the month peels off, few changes were made from the initial financial plan. UITF was then dropped off. For the meantime.

While I was on a blogosphere hiatus last September and  have been most of the time reading financial sites and forums, I came across the Security Bank's offer for the DMCI Home Bonds. So, I went to do a further research on what is DMCI Homes, it's history and who are the persons behind this corporation. That is aside from the information provided on the Security Bank page.Of course, everything is in the Prospectus, including lawsuits and any other involvements.

Source: https://www.securitybank.com/personal/investments/sb-capital/

The Prospectus also includes the Bond Offer.

When the time permits a few weeks ago, husband and I decided to visit the Security Bank nearest our place. Upon mentioned of the DMCI, the customer service representative provided additional information to us. Such that this is a tranche investments for as low as P5000 per month and multiples thereof for 3 years up to 5 years, depending on our choice. As well as there is a lump sum amount of P180,000 for 3 years.

The bank representative told us that the start will be on November 16, 2015. And the offering is open from September 28, 2015 at 9AM until November 5, 2015 at 5PM.

For us, it will be like saving for the next five years with the purpose of using it as a down payment for a house and lot or a condominium. And the purpose may change as time goes by. For now, we are parking 5000 pesos per month with fixed rate of 5% accrued annually, non-compounding, and expecting a credit bonus at the time of maturity.

Think Positive. God Bless. :)