Revised guidelines on the flotation of bonds by LGUs [without national government guarantee]

Annex 1 (Name of Local Government Unit) (Address) Hon. Rafael B. Buenaventura Governor Bangko Sentral ng Pilipinas Dear Gov. Buenaventura: This has reference to our request for the opinion of the Monetary Board (MB) on the probable effects on monetary aggregates, price level and balance of payments of the proposed bond flotation amounting to _________ by the Province/City/Municipality of ____________. Pursuant to the provisions of Sections 2 and 3 of Republic Act No. 1405 and other laws relating to the secrecy of bank deposits, Resolution No. ____dated_____________ (certified true copy attached) was passed by the Province/City/Municipality of _______________ waiving our rights to confidentiality of information by authorizing _______________________, our trustee bank and all banks or financial institutions with which we have transactions to disclose to the Bangko Sentral ng Pilipinas all information pertaining to the deposits, investments, loans or other transactions including the history or status of our dealings with said banks or financial institutions and for the BSP to make all inquiries as may be necessary regarding the same. The BSP is likewise authorized to disclose and share any such information furnished or obtained from said banks or financial institutions to the Department of Finance in relation to the performance by said Department of its functions. Thank you. Very truly yours, _____________ Mayor/ Governor __________ 2003 5

Annex 2 POST BOND FLOTATION REPORT Final Terms and Conditions of the Issue Issuer Bond Name/ Label Amount of Proposed Bond Flotation Amount of Bonds Actually Sold Purpose of Bonds Issue Price Interest Rate (Actual) Date of Flotation Term Maturity Date Grace Period Denomination Medium of Sale Interest/coupon Rate Interest Payment Dates Principal Payment Date Collateral Guarantee/ Security Trustee Bank Fiscal Agent Trustee Fee Underwriter Underwriting Fee Guarantor Guarantee Fee Financial Advisor, if any Financial Advisor Fee List of Investors/Amount Purchased Settlement Mode 6