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China Banking Corp. Employees Retirement Plan bags Premyo Bonds Grand Prize

Friday, July 03, 2020

At the 1st and 2nd quarter rewards draw of the Bureau of Treasury’s (BTr) Premyo Bonds para sa Bayan raffle held last June 18, China Banking Corp. Employees Retirement Plan (CBCERP) won the grand prize of P1 million and a brand new house and lot from Lessandra by Vista Land & Lifescapes Inc.

CBCERP was established in 1978 to provide a lump sum retirement and disability benefit for all of China Bank’s regular salaried employees, with Trust and Asset Management Group (TAMG) as the trustee of the fund. In her message, TAMG Head Mary Ann Lim  lauded the innovative Premyo Bonds for promoting a wider opportunity for investors.

"One of the more important duties of a trust relationship is the observance of prudent administration of funds," Lim added. "As soon as we received information that retirement funds are eligible to invest in the Premyo Bonds, we immediately decided to invest as it is a safe instrument."

The Premyo Bonds were offered to the public from November 25 to December 13, 2019 for a minimum investment of P500 and an automatic entry into the raffle draw. The one-year bonds carried a coupon rate of 3% per annum, payable quarterly. The BTr hopes to conduct more offerings of Premyo Bonds to entice more small and new investors to participate in government instruments and aid the country’s post-pandemic economic recovery.

(From left) National Treasurer Rosalia De Leon, China Bank Treasurer and Treasury Group Head Christopher Ma. Carmelo Y. Salazar, Trust and Asset Management Group (TAMG) Head Mary Ann T. Lim, and Human Resources Group Head Maria Rosanna L. Testa during the awarding ceremony last June 25 at the BTr Office in Intramuros, Manila.

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