FREQUENTLY ASKED QUESTIONS
What is the Homestarter Bond?
The Homestarter Bond is a 3-year investment offering exclusive to Ayala Land. The most recent issue carries an interest rate of 3% per annum payable semi-annually. The minimum investment required is P50,000, which can be increased in increments of P10,000 up to a maximum of P10,000,000 (subject to terms and conditions).
It provides the bondholder the option to apply the Bond to a downpayment for an Ayala Land residential property. If the option is exercised, the bondholder is entitled to an additional discount on the net selling price of the property in the form of a Bonus Credit.
How can I invest in the Homestarter Bond?
Upon issuance on October 19, 2016, the Homestarter Bond will simultaneously be listed in the Philippine Dealing & Exchange Corp. or the PDEx. The bond may be acquired on a secondary basis. Interested parties may inquire with PDEx fixed income broker member for availability of the Homestarter Bond.
When and how can I avail of the Homestarter Bond Bonus Credit?
The holder of a Homestarter Bond is entitled to Bonus Credit that can be applied towards a new residential property purchase, within 6 months to 3 years after the issue date (April 2017 to October 2019). The Bonus Credit will be applied on the first down payment upon reservation.
How much is the Bonus Credit?
You can get a Bonus Credit worth up to 10% of the principal amount invested in the Homestarter Bond, but not more than the Maximum Bonus Credit limits based on the applicable Net Selling Price (NSP) of the residential property. (See sample computation below)
Brand Maximum Bonus Credit Ayala Land Premier 1% Alveo 2% Avida 4% Amaia 4% BellaVita 2% The Bonus Credit shall be treated as a discount from the NSP of the Ayala Land Property.
Sample Bonus Credit Computation for purchase of an Avida property (for illustration purposes only):
10% of the principal value is less than the maximum Bonus Credit limit applicable to NSP:
Principal investment in Homestarter Bond: P1,000,000
Bonus Credit based on principal (10% x principal): P100,000
NSP (before Bonus Credit deduction): P 4,842,312.50
Maximum Bonus Credit (NSP x 4% limit for Avida): P 193,692.50
COMPUTATION OF NEW NSP AFTER BONUS CREDIT DEDUCTION: NSP (before Bonus Credit deduction)
4,842,312.50
Less: Bonus credit based on principal (10% x principal)
100,000.00
NSP (after Bonus Credit deduction)
4,742,312.50
10% of the principal value is greater than the maximum Bonus Credit limit applicable to NSP:
Principal investment in Homestarter Bond: P3,000,000
Bonus Credit based on principal (10% x principal): P300,000
NSP (before Bonus Credit deduction): P 4,842,312.50
Maximum Bonus Credit (NSP x 4% limit for Avida): P 193,692.50
COMPUTATION OF NEW NSP AFTER BONUS CREDIT DEDUCTION: NSP (before Bonus Credit deduction)
4,842,312.50
Less: Maximum bonus credit (NSP x 4% bonus credit limit for an Avida property)
193,692.50
NSP (after Bonus Credit deduction)
4,648,620.00
- The Bonus Credit may not be availed in conjunction with other Ayala Group Employee discounts.
How will the Homestarter Bond Bonus Credit be reflected on my property purchase?
On the computation sheet, the Bonus Credit will appear as a discount on the NSP. Principal and accrued interest will be applied on the first downpayment.
What's the Homestarter Bond homebuying process?
What happens at maturity of the Bond?
At maturity, the bondholder has two options:
- Client has up to 60 days from maturity date to apply the bond to a downpayment on an Ayala Land Residential property
- The Principal and interest will be credited to the designated bank account
For further inquiries, please call Ayala Land Corporate Sales Division at +6329083532 or email corporatesales@ayalaland.com.ph. You may also leave your contact information through the
Homestarter Bond Contact Form (click here) so our team representatives may reach out to you.
The offer period having ended for the Homestarter Bonds under SEC MSRD Order No. 2 Series of 2016 with Permit to Sell dated September 26, 2016, this announcement is for information purposes only and is not an offer of the Homestarter Bonds or a solicitation of an offer to purchase. The terms and conditions of the Homestarter Bonds are set out in the Prospectus issued by Ayala Land, Inc. which is available from http://ir.ayalaland.com.ph/uploads/files/P7B%20Fixed%20Rate%20Bonds%20due%202023%20and%20P3B%20Homestarter%20Bonds%20due%202019%20Final%20P%20%20%20.pdf.