.

Peso Corporate Bond Issue

•

JG Summit Holdings, Inc.

Instrument Five and a half (5.5), Seven (7), and Ten (10) year fixed rate bonds

Issue Dates Expected to be issued February 21, 2014

The Net Proceeds of the Issue are intended to (i) partially finance
Use of Proceeds the Company’s acquisition of Meralco shares and (ii) to be used by
the Company for general corporate purposes.

Tenor and Maturity
Maturity: (expected)
August 21, 2019 (5.5-year)
Tenor:5.5-year, 7-year, 10-year bond
February 21, 2021 (7-year)
February 21, 2024 (10-year)

Expected Issue Size Aggregate principal amount of at least Php 20 billion.

5.5-year:
About 4.7187% to 5.2187% (gross of 20% withholding tax)
**Based on the 5-year PDST-F yield of 3.7187% with 1.00% to 1.50%
spread
7-year:
About 4.8333% to 5.3333% (gross of 20% withholding tax)
Market Indication **Based on the 7- year PDST-F yield of 3.8333% with 1.00% to 1.50%
spread
10-year:
About 5.1196% to 5.6196% (gross of 20% withholding tax)
**Based on the 10-year PDST-F yield of 4.1196% with 1.00% to 1.50%
spread
Taxation 20% withholding tax

Interest Payment Semi-Annual (30/360 days), subject to tax

7-year: Price:
Five years and six months from Issue 7-year:
Date 102.00%
10-year: 10-year:
Early Redemption Option Sixth year from Issue Date
th
102.00% (6 year call)
th
Seventh year from Issue Date 101.5% (7 year call)
th
Eighth year from Issue Date 101.0% (8 year call)
th
Ninth year from Issue Date 100.5% (9 year call)

Denominations Minimum: P 500,000 face amount Increments: P 10,000

Can be sold back prior to maturity subject to prevailing market rates and
Liquidity broker’s fee

Primary Market: No Broker’s fee

Broker’s Fee Secondary Market: Broker’s fee of 25 bps (Php 1,250.00 for every Php
500,000.00

Cut-off Time for Orders January 29, 2014 6:00pm (subject to change without prior notice)

This document is issued by Metropolitan Bank and Trust Company. It is issued in indicative form and contains indicative terms
of a prospective transaction. It is for discussion purposes only and does not constitute any offer, recommendation or
solicitation to any person to enter into any transaction or adopt any hedging, trading or investment strategy, nor does it
constitute any prediction of likely future movements in rates or prices or any representation that such future movements will
not exceed those shown in any illustration.