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Offering Circulars


REGISTRATION STATEMENT RELATING TO THESE SECURITIES HAS BEEN FILED WITH THE PHILIPPINE SECURITIES AND EXCHANGE COMMISSION, BUT HAS NOT YET BECOME EFFECTIVE. THESE SECURITIES MAY NOT BE SOLD NOR OFFERS TO BUY THEM BE ACCEPTED PRIOR TO THE TIME THE REGISTRATION STATEMENT IS RENDERED EFFECTIVE. THIS COMMUNICATION SHALL NOT CONSTITUTE AN OFFER TO SELL OR BE CONSIDERED A SOLICITATION OF AN OFFER TO BUY.

The offering information on this website is intended to be available only to Philippine residents or corporations or juridical entities organized and existing under Philippine law, and is not intended for distribution in the United States. The offering information contained in this website may not be published or distributed, directly or indirectly, into the United States and this information (including the preliminary prospectus) does not constitute an offer of the securities described in the preliminary prospectus for sale in the United States. These securities have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or with any securities regulatory authority of any state or other jurisdiction in the United States and may not be offered or sold, directly or indirectly, into the United States unless these securities are so registered or an exemption from the registration requirements is available under the U.S. Securities Act. There will be no public offer of the securities mentioned herein in the United States.


THIS PRELIMINARY PROSPECTUS IS TO BE USED EXCLUSIVELY FOR THE DOMESTIC OFFER IN THE PHILIPPINES DESCRIBED THEREIN AND IS NOT INTENDED TO BE VIEWED BY NON-PHILIPPINE RESIDENTS.

1. I hereby declare that I am a resident of  and am entitled to receive information contained on this website.

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