DBP to offer P5 billion securities to support lending activities

State-lender Development Bank of the Philippines (DBP) is selling up to P5 billion worth of fixed-rate unsecured subordinated securities eligible as Tier 2 capital to boost its capital base and support various lending activities.

Francisco del Rosario Jr., DBP president and chief executive officer, said that the Tier 2 notes will mature in 10.5 years or in 2022.

However, holders of such notes have the option to have it paid as early as 2017.

The state-lender’s investment instruments can be bought for a minimum of P500,000 with integral multiples of P100,000 thereafter.

“Interest rate will be fixed until maturity date or until the call option,” del Rosario said in a statement.

Interest will be paid on a quarterly basis.
Tier 2 capital pertains to the capital adequacy of a bank. It is secondary bank capital that includes items such as undisclosed reserves, general loss reserves, subordinated term debt and more.

Del Rosario said that investors can rely on the stability of the issuer, which carries ratings of BB+ from rating agencies Fitch and Standard & Poor’s.

“DBP’s developmental side is kicking into high gear, and we have a strong balance sheet that provides us with solid options. Our strategic importance to Philippine development is premised on strong government support towards our pursuit of our development mandate,” he said.

Del Rosario added that DBP’s qualifying capital under the Basel Framework stands at P39 billion, with total assets of P324 billion.

Last year, the bank recorded a net income of P4.02 billion, the second highest that the bank has recorded in its 65-year history.

DBP has tapped BDO Capital & Investment Corp., BPI Capital Corp., Deutsche Bank AG, Manila Branch and ING Bank N.V. Manila branch as joint lead managers and selling agents of its Tier 2 notes.

Multinational Investment Bancorporation has also been tapped as selling agent and market maker and Land Bank of the Philippines as public trustee.

http://www.manilatimes.net/index.php/business/top-business-news/18318-dbp-to-offer-p5-billion-securities-to-support-lending-activities

Highly recommended beach resort in North Luzon for company outings and family retreats is most frequently visited hotel in Clark Pampanga because of beautiful view and good outdoor facilities for swimming, picnic and barbecue.

Families traveling out of town go to the north to get away from Manila to unwind, relax and swim with friends and children. Highly recommended holiday spot and vacation destination this summer in the north is Clearwater Beach Resort in Clark. Clark is adjacent to Pampanga’s Angeles City which is just 70 minutes from Manila and 25 minutes from Subic. Many visitors also come to Clark to play golf in one of the best golf courses in Pampanga. Pampanga is home to some of the finest golf courses outside of Manila.

New camping sites and picnic grounds in Philippines are now added to Clark for family outings in outside Manila. The best campsites are located at Yats Clearwater Resort & Country Club in Pampanga Angeles City Clark Philippines. Just bring camping equipment and enjoy the fun and ambience of outdoor living camping in Clark under safe, secured and clean conditions. Outdoor activities include swimming and water sports, boating and paddling a kayak, lawn tennis, golf, shooting range and all sorts of leisure activities including colonial games like croquet and horseshoe.

Clearwater Resort & Country Club offers several styles of accommodation from US$65 up inclusive of breakfast for two at the beautiful Breakfast Garden Restaurant overlooking the large Clearwater lake and beach. This is a good rendition of the lifestyle that the Americans left behind after they left the Clark Airbase. A good short description of this lifestyle is suburban laid-back slow-paced clean living, very suitable for tourists and guests looking for a way to unwind from the stress of living in Manila.

In a city like Manila, most residents rely on visits to spa and beauty parlor to unwind and relax. But with a short getaway to Angeles City Clark Pampanga one can de-stress by enjoying beautiful outdoor amenities of this beach resort, savoring what nature can offer.

For reservations, comments and inquiries,

Clearwater Resort & Country Club
Creekside Road corner of Centennial Road,
Central Business District, Clark Freeport Zone,
Pampanga, Philippines 2023

Tel: (045)599-5949 0917-520-4403 0922-870-5177

Manila Sales Office
3003C East Tower, Phil Stock Exchange Center,
Exchange Rd Ortigas Metro Manila, Philippines 1605
(632) 637-5019 0917-520-4393 Rea or Chay

http://www.ClearwaterPhilippines.com

Email: Inquiry@ClearwaterPhilippines.com

Getting to this hotel in Clark Philippines
After entering Clark Freeport from Subic, Manila, Dau and Angeles City, proceed straight along Clark’s main highway MA Roxas, passing Clark’s largest wine shop called Clark Wine Center on your right, continue to bear right making no turns at all, go past Mimosa Leisure Estate on the opposite side of the road, you will hit a major intersection. Go straight and the road becomes Creekside Road. YATS Clearwater Resort and Country Club is on your right just 200m down. Traffic in Clark Philippines is light so it should be quite easy for get to this hotel in Clark Philippines.

For inquiries and bookings, click here to contact Clearwater Resort now

Wedding couples looking for wedding reception venues and beach wedding venues can log on to this Philippines Wedding Venue web site for free information and assistance:

http://www.PhilippinesWeddingVenue.com

While in Clark, it might be a good idea to enjoy an evening of wine-and-dine in the fine dining Yats Restaurant and Wine Bar that features an award winning 2700-line wine list. It is located in Mimosa Leisure Estate of Clark Freeport Zone. For more information, visit http://www.YatsRestaurant.com

YATS Leisure Philippines is a developer and operator of clubs, resorts and high-class restaurants and wine shops in Clark Angeles Philippines http://www.YatsLeisure.com

While in Clark, one might as well add to the itinerary a visit to the famous Clark Wine Center, the largest wine shop in Philippines which offers over 2000 selections of fine vintage wine from all wine regions, vintages spanning over 50 years covering all price ranges.
http://www.ClarkWineCenter.com

Looking for famous tourists spots, places to visit and see, relax and unwind in Clark, Pampanga, Philippines? You may want to check out these sites also:

http://www.LondonPubClark.com

http://www.HotelClarkPhilippines.com

http://www.ClarkPhilippines.com

http://www.YatsWineCellars.com

For jobs and business investment opportunities in the Philippines please visit http://www.yilp.com