MANILA — The investing public can now help the government raise much-needed funds to support its massive infrastructure program, with the Bureau of Treasury’s (BTr) retail treasury bonds (RTBs) offer from May 30 to June 8, 2018.
This is after the BTr accepted PHP66 billion of the total PHP92.8 billion tenders in the initial auction of new three-year RTBs with a coupon rate of 4.875 percent.
Due to the strong demand for the said RTBs, the auction committee decided to increase the offered amount to PHP66 billion from the initial offering of PHP30 billion.
“The increasing interest of Filipinos in RTBs has been particularly encouraging. We are delighted that more and more Filipinos are getting into the habit of investing as well as in taking part in the funding of the national government. RTBs are a viable way for Filipinos to achieve their financial goals and prepare for the future, while helping the Philippine government in its financing needs,” National Treasurer Rosalia De Leon said.
“We are confident that our advocacy of getting more Filipinos into the habit of investing their hard-earned money could enable them to reach their personal and financial goals, while meaningfully contributing to nation-building,” De Leon added.
The public can invest for a minimum of PHP5,000 in the RTBs. Investors shall have peso account with banks that are accredited selling agents of RTBs.
The BTr identified 16 banks as accredited selling agents of RTBs, which include Banco de Oro Universal Bank, Bank of Commerce, BDO Capital & Investment Corp., China Banking Corp., BPI Capital Corp., Citibank, Development Bank of the Philippines, First Metro Investment Corp., ING Bank, Land Bank of the Philippines, Metropolitan Bank and Trust Company, Philippine Bank of Communications, Philippine National Bank, Rizal Commercial Banking Corp., Security Bank Corp., and Union Bank of the Philippines.
This is the national government’s 21st issuance of RTBs and the first for 2018.
Last year, the BTr offered RTBs twice, where it raised PHP430 billion for the national government. (Kris Crismundo/PNA)
