UPDATED: Philippine Preferred Shares coupons and maturity 3-12-2015

updated as of April 6, 2015

In relation to our post 9 months ago regarding Philippine Preferred shares, 1 of which unexpected called to maturity (Purefoods preferred PFP), which was clearly indicated in the prospectus that " shares may be optionally called anytime after the 3rd year". Did not expect they need to redeem it asap.

http://theamazingchart.blogspot.com/2014/06/philippine-preffered-stocks-timeline.html

The following are the current available Philippine Preferred shares and their updated call dates:

PRF2A - Petron Preferred 2A series - 5.67% NET - Quarterly*
PRF2B - Petron Preferred 2B series - 6.1725% NET - Quarterly*
PFP2 - Purefoods Preferred - 5.09% NET Quarterly*
MWP - Megawide Preferred - 6.3225% NET 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*
ACPB1 - Ayala Preferred - 4.725% net Quarterly*
ACPB2 - Ayala preferred - 5.0175% net Quarterly*
Globe something - 4%(not sure) SEMI-ANNUAL*

All are listed in the Philippine Stocks Exchange and be tradable until their call date. *Percentage(GROSS/NET) are per annum basis., Quarterly and Semi-Annual written down are dividend payouts per year.

Call Dates listed below*:


2015, SEPT - SMC2A 3rd year OPTIONAL redemption and may call anytime
2017, SEPT - Mandatory Call Date of SMC2A
2017, SEPT - SMC2B 5th year OPTIONAL redemption and may call anytime
2017, NOV - PRF2A 3rd year OPTIONAL redemption and may call anytime
2018, JULY - Mandatory Call Date of FGENF
2017, SEPT - Mandatory Call Date of SMC2B
2018, MAR - PFP2 3rd year OPTIONAL redemption and may call anytime
2019 - ACPB2 5th year OPTIONAL redemption
 2019, SEPT - SMC2C 7th year OPTIONAL redemption and may call anytime
2019, NOV - PRF2A Mandatory 5th year Call Date


2019, DEC - MWP 5th Year Optional Redemption - MAY CALL ANYTIME(Tax Event,Taxation)
2020, MAR - PFP2 Mandatory 5th year Call Date
2021, NOV - PRF2B Mandatory 7th year Call Date
 2022, JULY - Mandatory Call Date of FGENG
2022, SEPT - Mandatory Call Date of SMC2C
2023 - ACPB1 10th year OPTIONAL redemption
2024 - ACPB2 10th year MANDATORY redemption
2028 - ACPB1 15th year MANDATORY redemption

* listed rates and month/year are the calendar dates I know, please verify exact rates, day, month and year if needed. 
** All have closure that they may extend the Mandatory Call date + some additional % 

USD index hits 12 year high, all other currencies lost 10-20% so far 3-12-2015

USD continues to get stronger making all other major currencies weak. Eur traded to 1.05xx yesterday, making it's 12 year low.

The main reason why USD getting stronger is that, US economy continues to get stronger, and fuel of interest rate hike this year makes USD value attractive, and EUR bond buying starts this month until mid 2016. Bond buying usually is "printing new money", making new paper money spread around the country, losing its valuation.

Although USD index is in bull market, I see strong resistance at the 100 mark, it is where 30 year downtrend resistance since 1985 is. I think, based on charts, a possible pullback may happen soon, OR once it breaks out of 100, we can see medium term USD making 15yr or 20yr highs.

EUR Parity is also 80% probably since ECB announced its 60B bond buying. A fall below 1:1 is also 50% probable due to European problems like Greece default etc.

JPY weakening, which intentionally caused by Japanese government to boost their economy is also taking place. It just reached 8yr high vs USD, making it attractive to import goods from Japan.

*elliotwavepredictions.com

Australian Dollar 35 year chart

Canadian Dollar 35 year chart 

Euro, Canada, Australia dollar and Japanese yen, continue to make 10yr lows 3-10-2015