Vice President and Housing and Urban Development Coordinating Council (HUDCC) Chairman Jejomar C. Binay commended the National Home Mortgage Finance Corporation (NHMFC) for coming up with an innovative and alternative investment vehicle for many Filipinos.

                  The NHMFC on Monday started to issue the BahayBonds Series 2 (BB2). which is the first-ever Retail Residential Mortgage Backed Securitization in the country.

                  According to the housing czar, the BahayBonds 2 is a safe, affordable and high-yielding investment security especially designed for the small investors.  With a minimum investment of P5, 000, an investor will earn a tax-free interest rate of 4.8% annually over a five-year period.

                  “Matatag at maganda itong BahayBonds 2.  It has several layers of protection with an available secondary market where investors can sell their bonds,” assured Binay.

                  “I am especially happy that the NHMFC, one of the agencies belonging to the HUDCC, is the originator of this landmark transaction” Binay said.

                  Binay further urged everyone to continue to support NHMFC’s home financing activities while at the same time, earn money for themselves through an investment in BahayBonds 2.

                  “With BahayBonds, we can all take part in the government’s goal of providing a home for every Filipino.  Even with our small contribution, we can do our part in nation building and help our fellow countrymen,” Binay added.

                  Public offering period for the BahayBonds 2 runs from July 26 to August 7, 2012 while (Philippine Dealing and Exchange Corporation) PDEX listing date will be on August 17, 2012.