CITY OF SAN FERNANDO, Pampanga – Bureau of the Treasury (BTr) is inviting Central Luzon residents to invest in its 26th tranche of the Retail Treasury Bonds (RTBs).
BTr Research Service Director Robert Dominick Mariano said they target to raise at least P30 billion for its initial offering, that will go towards supporting the sectors which were hardest hit by the pandemic and to finance the construction of the government’s priority infrastructure projects as well as social support.
“We encourage everyone to reward yourself with a brighter tomorrow. Let’s Invest in RTBs. This is an early Christmas bonus that we offer to the public,” he said.
For his part, BPI Capital Corporation Debt Capital Markets Head Reinier Llige stressed that he RTBs have proven to be a sound investment for the public and have provided an avenue for every Filipino to directly participate in nation building.
“The Covid-19 pandemic taught us costly lessons that will help us better prepare for a brighter future. The 26th RTB issuance gives every Filipino the opportunity to prepare for a better tomorrow, securing a better future not only for ourselves, but also for the next generations. As our tagline tells, sa RTB 26, Pamana ang Panatag na Bukas,” he said.
Only a minimum of PhP5,000 is required for an individual to start investing. This provides an annual interest rate of 4.625 percent and are paid quarterly during its five and a half year maturity period.
To avail of the RTBs, interested individuals may go to any of the 16 banks which are authorized selling agents of the BTr.
These include Banco de Oro Unibank, Inc., Bank of Commerce, BDO Capital and Investment Corporation, BPI Capital Corporation, China Banking Corporation, Development Bank of the Philippines, East West Banking Corporation, First Metro Investment Corporation, ING Bank NV, Land Bank of the Philippines, Metropolitan Bank & Trust Company, Philippine Bank of Communications, Philippine National Bank, Rizal Commercial Banking Corporation, Standard Chartered Bank, and Union Bank of the Philippines.
Another way is to invest through the BTr Online Ordering Facility via treasury.gov.ph, but this is only for First Metro Investment Corporation, Land Bank of the Philippines, and China Banking Corporation.
Meanwhile, applications based investment channels can also be used to invest including the LBP Mobile Banking app, Overseas Filipino Bank Mobile Banking app, and Bonds.PH app.
As an additional feature, Llige said that BTr is also introducing an exchange offer program called SWITCH, where bond holders of FXTN 10-54 and FXTN 5-74 which will mature on January 19, 2022 and January 26, 2022, respectively will be allowed to exchange their holdings for the latest RTB offering.
The bonds can be purchased until November 26, 2021, while the issue date is on December 2, 2021. (CLJD/MJSC-PIA 3)
