MANILA – The Bureau of the Treasury (BTr) will offer on July 15, 2020 another batch of retail treasury bonds (RTB), Presidential Spokesperson Harry Roque said.
In a televised briefing Monday, Roque did not elaborate on the tenor and volume of the planned debt paper issuance but urged the public to take advantage of such securities.
He said RTB is a safe investment option because it is being issued by the government.
“Mas mataas po ang interest na makukuha rito kumpara kung ilalagay nyo ang pera ninyo sa ordinary deposit (account) sa mga bangko (You will get higher interest yield from this debt paper compared with putting your funds in a regular deposit account),” he said.
RTBs are intended for small investors since minimum placement is PHP5,000. Additional investments will be on increments of PHP5,000.
In a Viber message to journalists Monday, National Treasurer Rosalia de Leon said other details of the bond issuance “will be released within the week”.
She said the RTB event on the 15th will be for the rate setting auction.
“We are taking advantage of low rates and provide secure investment outlets,” she said.
De Leon said this fund-raising activity is a “win-win proposition and demonstrates our solidarity against pandemic”.
Proceeds of the debt issuance will be used for “budget support”, she added.
BTr last issued an RTB in January this year wherein it sold PHP134 billion worth of three-year RTB during the rate-setting auction alone. The paper fetched a coupon rate of 4.375 percent.
The volume issued during that auction was more than four times the PHP30 billion initially announced for offering. (PNA)
