SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Sep 18, 2018

2. SEC Identification Number

PW 686

3. BIR Tax Identification No.

000-263-340

4. Exact name of issuer as specified in its charter

Philippine Bank of Communications

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

PBCOM Tower 6795 Ayala Avenue cor. V.A. Rufino St., Ayala Avenue, Makati City Postal Code 1226

8. Issuer's telephone number, including area code

(632) 830-7000

9. Former name or former address, if changed since last report

N/A

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
COMMON	480,645,163

11. Indicate the item numbers reported herein

Item No. 9- Other Events

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Philippine Bank of CommunicationsPBC

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Long Term Negotiable Certificates of Time Deposit (LTNCD)
Background/Description of the Disclosure
The Philippine Bank of Communications (PBCOM) has started its offering period to issue Long Term Negotiable Certificate of Time Deposits (LTNCD) in an effort to further boost its strategic initiatives and meet its growth prospects moving forward. This will be the maiden issuance for the Lucio Co-led Bank, which marked its almost eight (8) decades in the banking business earlier this month. The funds will be used for general corporate funding with an emphasis on long term lending. The offer period for the initial tranche will run from September 17 until September 28, 2018. The LTNCDs will feature a term of 5 years and 6 months with an indicative rate of 5.375% to 5.625% and payable quarterly. The rate will be finalized at the end of the offering period and will be exempt from the 20% withholding tax to individual investors if held for more than 5 years. Minimum investment size is P50,000, followed by increments of P10,000. ING Bank N.V. (Manila Branch) and the Development Bank of the Philippines (DBP) have been appointed to act as joint lead arrangers, joint bookrunners, and selling agents for the transaction. PBCOM will also act as a selling agent. The instrument will be listed in the Philippine Dealing and Exchange Corp.
Other Relevant Information
N/A