Ayala Group launches second Homestarter bond tranche
http://www.philstar.com/Article.aspx?ar ... egoryId=74
Ayala Land Inc. (ALI), BPI Family Savings Bank and BPI Capital Corp. have partnered to unveil a host of options for potential homeowners.
The offer period ends on Oct.9 this year. BPI Capital is the underwriter and issue manager.
The Homestarter program aims to encourage low to middle-income families to save funds to be able to buy properties in the future. Prospective investors merely have to set aside P5,000 a month for a bond subscription over 36 months. The resulting P180,000 will earn five percent annually.
Within the investment period, a bondholder may select any property owned and developed by the Ayala Group and apply the bond as payment. Or be notified, in advance, of newly-launched properties being offered by ALI’s residential brands and the option to acquire choice units.
Should the buyer forego that option, he or she will receive cash plus interest on maturity date.
“During the exhibit series, the thrift bank of the Bank of the Philippine Islands (BPI) will offer its lowest interest rates and waive the appraisal fee. Clients who will avail of the housing loan can also benefit from the bank’s recent tie-up with Home Depot. For every approved loan, homeowners will receive a free Home Depot card with up to 10-percent discount on Home Depot purchases,” bank officials said.
PS Di po ako ahente.