CLARK FREEPORT– A total of P121.8 billion worth of three-year Retail Treasury Bonds (RTBs) will now be issued by the Bureau of the Treasury (BTr) on June 13 following the public offering period from May 30 to June 8.
In a statement on Monday, National Treasurer Rosalia V. De Leon described the first offering of RTBs for 2018 as a “resounding success” after it was met with strong demand from the investing public with the total issue size of more than four times higher from the initial planned issuance of P30 billion.
The public offer was awarded P66 billion during the auction set last May 30 and an additional P55.8 billion was raised during the public offer period from May 30 to June 8, De Leon said.
The BTr conducted roadshows in key cities nationwide to inform interested investors on the terms and benefits of the investment product.
“As with the past issuances of RTBs, we are glad to have generated strong and continued support from the general investing public,” De Leon said.
“We are encouraged by the results of this latest offering, as this is proof that more and more Filipinos are getting into the habit of investing while doing their share in nation-building,” she added.
Proceeds from the issuance of RTBs, which are part of the government’s proactive financing strategy, will help fund its massive infrastructure program, the BTr statement said.
The BTr had earlier noted that this latest offering of RTBs was being made available to Filipinos amid favorable macroeconomic conditions.
“We are also delighted to instill good financial habits for many Filipinos. Through RTBs, many individuals are now investing to achieve their financial goals—proof that beneficiaries of RTBs range from individuals to families to the entire nation,” De Leon remarked.
“When more Filipinos invest, they are indeed primed to take advantage of opportunities and adventures that come their way,” she said.
“This is the spirit behind our campaign (‘#RTBparaReadyTayoBukas),” she noted.
