Monday, June 23, 2014

Philippine Preffered Stocks timeline and call date 6-24-2014

PPREF - Petron Preffered - 9.875% gross Quarterly*
PFP - Purefoods Preferred - 8.0% gross Quarterly*
SMC2A - SMC 5year - 6.8% net Quarterly*
SMC2B - SMC 7year - 6.975% net Quarterly*
SMC2C - SMC 10year - 7.2% net Quarterly*
FGENF - FirstGen F Shares - 7.2% net Semi-Annual*
FGENG - FirstGen G Shares - 7.0% net Semi-Annual*
ACPB - Ayala Preferred - 5%(not sure), yield too low to invest

All are listed in the Philippine Stocks Exchange and be tradable until their call date

Call Dates listed below*:

2015, MAR -  PPREF
2015, SEPT - SMC2A 3rd year OPTIONAL redemption
2016, MAR - Mandatory Call Date of PFP (has option to be extended + % )
2017, SEPT - Mandatory Call Date of SMC2A (has option to be extended + % )
2017, SEPT - SMC2B 5th year OPTIONAL redemption
2018            - FGENF (not so sure)
2017, SEPT - Mandatory Call Date of SMC2B (has option to be extended + % )
2019, SEPT - SMC2C 7th year OPTIONAL redemption
2022, MAY  - Mandatory Call Date of FGENG
2022, SEPT - Mandatory Call Date of SMC2C (has option to be extended + % )




* listed rates and month/year are the calendar dates I know, please verify exact rates, day, month and year if needed.

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