The terms of the offer and timetable are as follows:

Issuer:  Republic of the Philippines, through the Bureau of Treasury
Instrument:  Retail Treasury Bonds
Term:  10 and 15 years
Coupon Rate:   5.75% p.a. for 10 years, 6.25% p.a. for 15 years
Coupon Payment:  Quarterly
Principal Repayment:  On maturity date
Taxation:  Interest income is subject to 20% WHT.  All sums payable to tax-exempt insitutions (TEIs) shall be paid in full.
Timetable:  Offer period – Oct. 10 to 17, 2011, Issue date – Oct. 20, 2011

For inquiries, you may call:
First Metro Investment Corporation (632) 8160462 – Peter Bautista or email peter.bautista@firstmetro.com.ph
Vicsal Investments Inc. (632) 8565801 to 03 – Francis Jose or email francis.jose@yahoo.com