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RTB23 Sample Computation

The document provides sample calculations for 3-year retail treasury bonds due in 2023 with a coupon rate of 4.375%. It shows calculations for bond face values of PHP5,000, PHP10,000, PHP20,000, PHP50,000, PHP100,000 and PHP200,000 including gross coupon payment, net interest, schedule of 12 quarterly coupon payments, and total coupon payment/net interest to be earned over the 3 year period. It notes that if a coupon payment or maturity date falls on a non-business day, the payment will be made on the next business day without adjustment to the interest amount.

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Sharrah How
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65 views

RTB23 Sample Computation

The document provides sample calculations for 3-year retail treasury bonds due in 2023 with a coupon rate of 4.375%. It shows calculations for bond face values of PHP5,000, PHP10,000, PHP20,000, PHP50,000, PHP100,000 and PHP200,000 including gross coupon payment, net interest, schedule of 12 quarterly coupon payments, and total coupon payment/net interest to be earned over the 3 year period. It notes that if a coupon payment or maturity date falls on a non-business day, the payment will be made on the next business day without adjustment to the interest amount.

Uploaded by

Sharrah How
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Retail Treasury Bonds Tranche 23 Retail Treasury Bonds Tranche 23

3-year RTBs due 2023 3-year RTBs due 2023


PIID0323B101 PIID0323B101
28 January to 6 February 2020 28 January to 6 February 2020

Sample Calculation Sample Calculation

Face Value Php 5,000.00 Face Value Php 10,000.00


Coupon Rate 4.375% Coupon Rate 4.375%
Gross Coupon Payment per Annum Php 218.75 Gross Coupon Payment per Annum Php 437.50
Net Interest per Annum Php 175.00 Net Interest per Annum Php 350.00
Schedule of Coupon Payments Schedule of Coupon Payments
Issue Date 11-Feb-20 Issue Date 11-Feb-20
1st coupon payment 11-May-20 Php 43.75 1st coupon payment 11-May-20 Php 87.50
2nd coupon payment 11-Aug-20 Php 43.75 2nd coupon payment 11-Aug-20 Php 87.50
3rd coupon payment 11-Nov-20 Php 43.75 3rd coupon payment 11-Nov-20 Php 87.50
4th coupon payment 11-Feb-21 Php 43.75 4th coupon payment 11-Feb-21 Php 87.50
5th coupon payment 11-May-21 Php 43.75 5th coupon payment 11-May-21 Php 87.50
6th coupon payment 11-Aug-21 Php 43.75 6th coupon payment 11-Aug-21 Php 87.50
7th coupon payment 11-Nov-21 Php 43.75 7th coupon payment 11-Nov-21 Php 87.50
8th coupon payment 11-Feb-22 Php 43.75 8th coupon payment 11-Feb-22 Php 87.50
9th coupon payment 11-May-22 Php 43.75 9th coupon payment 11-May-22 Php 87.50
10th coupon payment 11-Aug-22 Php 43.75 10th coupon payment 11-Aug-22 Php 87.50
11th coupon payment 11-Nov-22 Php 43.75 11th coupon payment 11-Nov-22 Php 87.50
12th coupon payment 11-Feb-23 Php 43.75 12th coupon payment 11-Feb-23 Php 87.50
Total Coupon Payment/ Net Interest to be Earned Php 525.00 Total Coupon Payment/ Net Interest to be Earned Php 1,050.00

Note: If the Coupon Payment Date or Maturity Date is not a Business Day, the Note: If the Coupon Payment Date or Maturity Date is not a Business Day, the
coupon or maturity amount will be credited on the next succeeding Business Day, coupon or maturity amount will be credited on the next succeeding Business Day,
without adjustment in the amount of interest to be paid (per Notice of Offering dated without adjustment in the amount of interest to be paid (per Notice of Offering dated
24 January 2020) 24 January 2020)
Retail Treasury Bonds Tranche 23 Retail Treasury Bonds Tranche 23
3-year RTBs due 2023 3-year RTBs due 2023
PIID0323B101 PIID0323B101
28 January to 6 February 2020 28 January to 6 February 2020

Sample Calculation Sample Calculation

Face Value Php 20,000.00 Face Value Php 50,000.00


Coupon Rate 4.375% Coupon Rate 4.375%
Gross Coupon Payment per Annum Php 875.00 Gross Coupon Payment per Annum Php 2,187.50
Net Interest per Annum Php 700.00 Net Interest per Annum Php 1,750.00
Schedule of Coupon Payments Schedule of Coupon Payments
Issue Date 11-Feb-20 Issue Date 11-Feb-20
1st coupon payment 11-May-20 Php 175.00 1st coupon payment 11-May-20 Php 437.50
2nd coupon payment 11-Aug-20 Php 175.00 2nd coupon payment 11-Aug-20 Php 437.50
3rd coupon payment 11-Nov-20 Php 175.00 3rd coupon payment 11-Nov-20 Php 437.50
4th coupon payment 11-Feb-21 Php 175.00 4th coupon payment 11-Feb-21 Php 437.50
5th coupon payment 11-May-21 Php 175.00 5th coupon payment 11-May-21 Php 437.50
6th coupon payment 11-Aug-21 Php 175.00 6th coupon payment 11-Aug-21 Php 437.50
7th coupon payment 11-Nov-21 Php 175.00 7th coupon payment 11-Nov-21 Php 437.50
8th coupon payment 11-Feb-22 Php 175.00 8th coupon payment 11-Feb-22 Php 437.50
9th coupon payment 11-May-22 Php 175.00 9th coupon payment 11-May-22 Php 437.50
10th coupon payment 11-Aug-22 Php 175.00 10th coupon payment 11-Aug-22 Php 437.50
11th coupon payment 11-Nov-22 Php 175.00 11th coupon payment 11-Nov-22 Php 437.50
12th coupon payment 11-Feb-23 Php 175.00 12th coupon payment 11-Feb-23 Php 437.50
Total Coupon Payment/ Net Interest to be Earned Php 2,100.00 Total Coupon Payment/ Net Interest to be Earned Php 5,250.00

Note: If the Coupon Payment Date or Maturity Date is not a Business Day, the Note: If the Coupon Payment Date or Maturity Date is not a Business Day, the
coupon or maturity amount will be credited on the next succeeding Business Day, coupon or maturity amount will be credited on the next succeeding Business Day,
without adjustment in the amount of interest to be paid (per Notice of Offering dated without adjustment in the amount of interest to be paid (per Notice of Offering dated
24 January 2020) 24 January 2020)
Retail Treasury Bonds Tranche 23 Retail Treasury Bonds Tranche 23
3-year RTBs due 2023 3-year RTBs due 2023
PIID0323B101 PIID0323B101
28 January to 6 February 2020 28 January to 6 February 2020

Sample Calculation Sample Calculation

Face Value Php 100,000.00 Face Value Php 200,000.00


Coupon Rate 4.375% Coupon Rate 4.375%
Gross Coupon Payment per Annum Php 4,375.00 Gross Coupon Payment per Annum Php 8,750.00
Net Interest per Annum Php 3,500.00 Net Interest per Annum Php 7,000.00
Schedule of Coupon Payments Schedule of Coupon Payments
Issue Date 11-Feb-20 Issue Date 11-Feb-20
1st coupon payment 11-May-20 Php 875.00 1st coupon payment 11-May-20 Php 1,750.00
2nd coupon payment 11-Aug-20 Php 875.00 2nd coupon payment 11-Aug-20 Php 1,750.00
3rd coupon payment 11-Nov-20 Php 875.00 3rd coupon payment 11-Nov-20 Php 1,750.00
4th coupon payment 11-Feb-21 Php 875.00 4th coupon payment 11-Feb-21 Php 1,750.00
5th coupon payment 11-May-21 Php 875.00 5th coupon payment 11-May-21 Php 1,750.00
6th coupon payment 11-Aug-21 Php 875.00 6th coupon payment 11-Aug-21 Php 1,750.00
7th coupon payment 11-Nov-21 Php 875.00 7th coupon payment 11-Nov-21 Php 1,750.00
8th coupon payment 11-Feb-22 Php 875.00 8th coupon payment 11-Feb-22 Php 1,750.00
9th coupon payment 11-May-22 Php 875.00 9th coupon payment 11-May-22 Php 1,750.00
10th coupon payment 11-Aug-22 Php 875.00 10th coupon payment 11-Aug-22 Php 1,750.00
11th coupon payment 11-Nov-22 Php 875.00 11th coupon payment 11-Nov-22 Php 1,750.00
12th coupon payment 11-Feb-23 Php 875.00 12th coupon payment 11-Feb-23 Php 1,750.00
Total Coupon Payment/ Net Interest to be Earned Php 10,500.00 Total Coupon Payment/ Net Interest to be Earned Php 21,000.00

Note: If the Coupon Payment Date or Maturity Date is not a Business Day, the Note: If the Coupon Payment Date or Maturity Date is not a Business Day, the
coupon or maturity amount will be credited on the next succeeding Business Day, coupon or maturity amount will be credited on the next succeeding Business Day,
without adjustment in the amount of interest to be paid (per Notice of Offering dated without adjustment in the amount of interest to be paid (per Notice of Offering dated
24 January 2020) 24 January 2020)
Retail Treasury Bonds Tranche 23 Retail Treasury Bonds Tranche 23
3-year RTBs due 2023 3-year RTBs due 2023
PIID0323B101 PIID0323B101
28 January to 6 February 2020 28 January to 6 February 2020

Sample Calculation Sample Calculation

Face Value Php 300,000.00 Face Value Php 500,000.00


Coupon Rate 4.375% Coupon Rate 4.375%
Gross Coupon Payment per Annum Php 13,125.00 Gross Coupon Payment per Annum Php 21,875.00
Net Interest per Annum Php 10,500.00 Net Interest per Annum Php 17,500.00
Schedule of Coupon Payments Schedule of Coupon Payments
Issue Date 11-Feb-20 Issue Date 11-Feb-20
1st coupon payment 11-May-20 Php 2,625.00 1st coupon payment 11-May-20 Php 4,375.00
2nd coupon payment 11-Aug-20 Php 2,625.00 2nd coupon payment 11-Aug-20 Php 4,375.00
3rd coupon payment 11-Nov-20 Php 2,625.00 3rd coupon payment 11-Nov-20 Php 4,375.00
4th coupon payment 11-Feb-21 Php 2,625.00 4th coupon payment 11-Feb-21 Php 4,375.00
5th coupon payment 11-May-21 Php 2,625.00 5th coupon payment 11-May-21 Php 4,375.00
6th coupon payment 11-Aug-21 Php 2,625.00 6th coupon payment 11-Aug-21 Php 4,375.00
7th coupon payment 11-Nov-21 Php 2,625.00 7th coupon payment 11-Nov-21 Php 4,375.00
8th coupon payment 11-Feb-22 Php 2,625.00 8th coupon payment 11-Feb-22 Php 4,375.00
9th coupon payment 11-May-22 Php 2,625.00 9th coupon payment 11-May-22 Php 4,375.00
10th coupon payment 11-Aug-22 Php 2,625.00 10th coupon payment 11-Aug-22 Php 4,375.00
11th coupon payment 11-Nov-22 Php 2,625.00 11th coupon payment 11-Nov-22 Php 4,375.00
12th coupon payment 11-Feb-23 Php 2,625.00 12th coupon payment 11-Feb-23 Php 4,375.00
Total Coupon Payment/ Net Interest to be Earned Php 31,500.00 Total Coupon Payment/ Net Interest to be Earned Php 52,500.00

Note: If the Coupon Payment Date or Maturity Date is not a Business Day, the Note: If the Coupon Payment Date or Maturity Date is not a Business Day, the
coupon or maturity amount will be credited on the next succeeding Business Day, coupon or maturity amount will be credited on the next succeeding Business Day,
without adjustment in the amount of interest to be paid (per Notice of Offering dated without adjustment in the amount of interest to be paid (per Notice of Offering dated
24 January 2020) 24 January 2020)
Retail Treasury Bonds Tranche 23 Retail Treasury Bonds Tranche 23
3-year RTBs due 2023 3-year RTBs due 2023
PIID0323B101 PIID0323B101
28 January to 6 February 2020 28 January to 6 February 2020

Sample Calculation Sample Calculation

Face Value Php 1,000,000.00 Face Value Php 2,000,000.00


Coupon Rate 4.375% Coupon Rate 4.375%
Gross Coupon Payment per Annum Php 43,750.00 Gross Coupon Payment per Annum Php 87,500.00
Net Interest per Annum Php 35,000.00 Net Interest per Annum Php 70,000.00
Schedule of Coupon Payments Schedule of Coupon Payments
Issue Date 11-Feb-20 Issue Date 11-Feb-20
1st coupon payment 11-May-20 Php 8,750.00 1st coupon payment 11-May-20 Php 17,500.00
2nd coupon payment 11-Aug-20 Php 8,750.00 2nd coupon payment 11-Aug-20 Php 17,500.00
3rd coupon payment 11-Nov-20 Php 8,750.00 3rd coupon payment 11-Nov-20 Php 17,500.00
4th coupon payment 11-Feb-21 Php 8,750.00 4th coupon payment 11-Feb-21 Php 17,500.00
5th coupon payment 11-May-21 Php 8,750.00 5th coupon payment 11-May-21 Php 17,500.00
6th coupon payment 11-Aug-21 Php 8,750.00 6th coupon payment 11-Aug-21 Php 17,500.00
7th coupon payment 11-Nov-21 Php 8,750.00 7th coupon payment 11-Nov-21 Php 17,500.00
8th coupon payment 11-Feb-22 Php 8,750.00 8th coupon payment 11-Feb-22 Php 17,500.00
9th coupon payment 11-May-22 Php 8,750.00 9th coupon payment 11-May-22 Php 17,500.00
10th coupon payment 11-Aug-22 Php 8,750.00 10th coupon payment 11-Aug-22 Php 17,500.00
11th coupon payment 11-Nov-22 Php 8,750.00 11th coupon payment 11-Nov-22 Php 17,500.00
12th coupon payment 11-Feb-23 Php 8,750.00 12th coupon payment 11-Feb-23 Php 17,500.00
Total Coupon Payment/ Net Interest to be Earned Php 105,000.00 Total Coupon Payment/ Net Interest to be Earned Php 210,000.00

Note: If the Coupon Payment Date or Maturity Date is not a Business Day, the Note: If the Coupon Payment Date or Maturity Date is not a Business Day, the
coupon or maturity amount will be credited on the next succeeding Business Day, coupon or maturity amount will be credited on the next succeeding Business Day,
without adjustment in the amount of interest to be paid (per Notice of Offering dated without adjustment in the amount of interest to be paid (per Notice of Offering dated
24 January 2020) 24 January 2020)
Retail Treasury Bonds Tranche 23 Retail Treasury Bonds Tranche 23
3-year RTBs due 2023 3-year RTBs due 2023
PIID0323B101 PIID0323B101
28 January to 6 February 2020 28 January to 6 February 2020

Sample Calculation Sample Calculation

Face Value Php 5,000,000.00 Face Value Php 10,000,000.00


Coupon Rate 4.375% Coupon Rate 4.375%
Gross Coupon Payment per Annum Php 218,750.00 Gross Coupon Payment per Annum Php 437,500.00
Net Interest per Annum Php 175,000.00 Net Interest per Annum Php 350,000.00
Schedule of Coupon Payments Schedule of Coupon Payments
Issue Date 11-Feb-20 Issue Date 11-Feb-20
1st coupon payment 11-May-20 Php 43,750.00 1st coupon payment 11-May-20 Php 87,500.00
2nd coupon payment 11-Aug-20 Php 43,750.00 2nd coupon payment 11-Aug-20 Php 87,500.00
3rd coupon payment 11-Nov-20 Php 43,750.00 3rd coupon payment 11-Nov-20 Php 87,500.00
4th coupon payment 11-Feb-21 Php 43,750.00 4th coupon payment 11-Feb-21 Php 87,500.00
5th coupon payment 11-May-21 Php 43,750.00 5th coupon payment 11-May-21 Php 87,500.00
6th coupon payment 11-Aug-21 Php 43,750.00 6th coupon payment 11-Aug-21 Php 87,500.00
7th coupon payment 11-Nov-21 Php 43,750.00 7th coupon payment 11-Nov-21 Php 87,500.00
8th coupon payment 11-Feb-22 Php 43,750.00 8th coupon payment 11-Feb-22 Php 87,500.00
9th coupon payment 11-May-22 Php 43,750.00 9th coupon payment 11-May-22 Php 87,500.00
10th coupon payment 11-Aug-22 Php 43,750.00 10th coupon payment 11-Aug-22 Php 87,500.00
11th coupon payment 11-Nov-22 Php 43,750.00 11th coupon payment 11-Nov-22 Php 87,500.00
12th coupon payment 11-Feb-23 Php 43,750.00 12th coupon payment 11-Feb-23 Php 87,500.00
Total Coupon Payment/ Net Interest to be Earned Php 525,000.00 Total Coupon Payment/ Net Interest to be Earned Php 1,050,000.00

Note: If the Coupon Payment Date or Maturity Date is not a Business Day, the Note: If the Coupon Payment Date or Maturity Date is not a Business Day, the
coupon or maturity amount will be credited on the next succeeding Business Day, coupon or maturity amount will be credited on the next succeeding Business Day,
without adjustment in the amount of interest to be paid (per Notice of Offering dated without adjustment in the amount of interest to be paid (per Notice of Offering dated
24 January 2020) 24 January 2020)
Retail Treasury Bonds Tranche 23 Retail Treasury Bonds Tranche 23
3-year RTBs due 2023 3-year RTBs due 2023
PIID0323B101 PIID0323B101
28 January to 6 February 2020 28 January to 6 February 2020

Sample Calculation Sample Calculation

Face Value Php 15,000,000.00 Face Value Php 20,000,000.00


Coupon Rate 4.375% Coupon Rate 4.375%
Gross Coupon Payment per Annum Php 656,250.00 Gross Coupon Payment per Annum Php 875,000.00
Net Interest per Annum Php 525,000.00 Net Interest per Annum Php 700,000.00
Schedule of Coupon Payments Schedule of Coupon Payments
Issue Date 11-Feb-20 Issue Date 11-Feb-20
1st coupon payment 11-May-20 Php 131,250.00 1st coupon payment 11-May-20 Php 175,000.00
2nd coupon payment 11-Aug-20 Php 131,250.00 2nd coupon payment 11-Aug-20 Php 175,000.00
3rd coupon payment 11-Nov-20 Php 131,250.00 3rd coupon payment 11-Nov-20 Php 175,000.00
4th coupon payment 11-Feb-21 Php 131,250.00 4th coupon payment 11-Feb-21 Php 175,000.00
5th coupon payment 11-May-21 Php 131,250.00 5th coupon payment 11-May-21 Php 175,000.00
6th coupon payment 11-Aug-21 Php 131,250.00 6th coupon payment 11-Aug-21 Php 175,000.00
7th coupon payment 11-Nov-21 Php 131,250.00 7th coupon payment 11-Nov-21 Php 175,000.00
8th coupon payment 11-Feb-22 Php 131,250.00 8th coupon payment 11-Feb-22 Php 175,000.00
9th coupon payment 11-May-22 Php 131,250.00 9th coupon payment 11-May-22 Php 175,000.00
10th coupon payment 11-Aug-22 Php 131,250.00 10th coupon payment 11-Aug-22 Php 175,000.00
11th coupon payment 11-Nov-22 Php 131,250.00 11th coupon payment 11-Nov-22 Php 175,000.00
12th coupon payment 11-Feb-23 Php 131,250.00 12th coupon payment 11-Feb-23 Php 175,000.00
Total Coupon Payment/ Net Interest to be Earned Php 1,575,000.00 Total Coupon Payment/ Net Interest to be Earned Php 2,100,000.00

Note: If the Coupon Payment Date or Maturity Date is not a Business Day, the Note: If the Coupon Payment Date or Maturity Date is not a Business Day, the
coupon or maturity amount will be credited on the next succeeding Business Day, coupon or maturity amount will be credited on the next succeeding Business Day,
without adjustment in the amount of interest to be paid (per Notice of Offering dated without adjustment in the amount of interest to be paid (per Notice of Offering dated
24 January 2020) 24 January 2020)
Retail Treasury Bonds Tranche 23 Retail Treasury Bonds Tranche 23
3-year RTBs due 2023 3-year RTBs due 2023
PIID0323B101 PIID0323B101
28 January to 6 February 2020 28 January to 6 February 2020

Sample Calculation Sample Calculation

Face Value Php 30,000,000.00 Face Value Php 50,000,000.00


Coupon Rate 4.375% Coupon Rate 4.375%
Gross Coupon Payment per Annum Php 1,312,500.00 Gross Coupon Payment per Annum Php 2,187,500.00
Net Interest per Annum Php 1,050,000.00 Net Interest per Annum Php 1,750,000.00
Schedule of Coupon Payments Schedule of Coupon Payments
Issue Date 11-Feb-20 Issue Date 11-Feb-20
1st coupon payment 11-May-20 Php 262,500.00 1st coupon payment 11-May-20 Php 437,500.00
2nd coupon payment 11-Aug-20 Php 262,500.00 2nd coupon payment 11-Aug-20 Php 437,500.00
3rd coupon payment 11-Nov-20 Php 262,500.00 3rd coupon payment 11-Nov-20 Php 437,500.00
4th coupon payment 11-Feb-21 Php 262,500.00 4th coupon payment 11-Feb-21 Php 437,500.00
5th coupon payment 11-May-21 Php 262,500.00 5th coupon payment 11-May-21 Php 437,500.00
6th coupon payment 11-Aug-21 Php 262,500.00 6th coupon payment 11-Aug-21 Php 437,500.00
7th coupon payment 11-Nov-21 Php 262,500.00 7th coupon payment 11-Nov-21 Php 437,500.00
8th coupon payment 11-Feb-22 Php 262,500.00 8th coupon payment 11-Feb-22 Php 437,500.00
9th coupon payment 11-May-22 Php 262,500.00 9th coupon payment 11-May-22 Php 437,500.00
10th coupon payment 11-Aug-22 Php 262,500.00 10th coupon payment 11-Aug-22 Php 437,500.00
11th coupon payment 11-Nov-22 Php 262,500.00 11th coupon payment 11-Nov-22 Php 437,500.00
12th coupon payment 11-Feb-23 Php 262,500.00 12th coupon payment 11-Feb-23 Php 437,500.00
Total Coupon Payment/ Net Interest to be Earned Php 3,150,000.00 Total Coupon Payment/ Net Interest to be Earned Php 5,250,000.00

Note: If the Coupon Payment Date or Maturity Date is not a Business Day, the Note: If the Coupon Payment Date or Maturity Date is not a Business Day, the
coupon or maturity amount will be credited on the next succeeding Business Day, coupon or maturity amount will be credited on the next succeeding Business Day,
without adjustment in the amount of interest to be paid (per Notice of Offering dated without adjustment in the amount of interest to be paid (per Notice of Offering dated
24 January 2020) 24 January 2020)

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