Prospectus Summary: First Philippine Holdings Corporation (Preferred) (PSE:FPHP)

copied from jcmiras.net


•    Offered price: Php100 per share
•    Issue Date: 30-Apr-2008
•    Dividend yield of 8.7231% net for corporate clients and 7.85% net for individuals. Dividends payments is twice a year.
•    Shares are preferred, perpetual, cumulative, non-voting, non-participating, and non-convertible.
•    Optional Redemption at 5 years after the issue date at offer price.  If not redeemed after 5 years, the dividend rate will be adjusted to whichever is higher of 8.7231% or 175bps on top of the 10yr PDS-TF.