MANILA – The Bureau of the Treasury (BTr) has so far awarded more PHP250 billion worth of five-year retail treasury bond (RTB) since it launched last July 16.
“New money in February is PHP250 billion. We have exceeded new money,” National Treasurer Rosalia de Leon told journalists in a message Tuesday.
She is referring to the RTB placements that were submitted as new investments.
The government’s latest RTB sale has two components –new money or new investments and those submitted for swap for previously issued RTBs.
De Leon said demand for the latest issuance remains strong after its launch last week but declined to give more details.
The previous RTB sale was last February wherein the BTr sold PHP311 billion worth of three-year paper.
During the rate-setting auction last Thursday, the auction committee awarded PHP192.7 billion worth of the five-year retail paper.
Offer period for this debt instrument is scheduled until August 7, 2020.
RTBs are intended for small investors with minimum placements set at PHP5,000. Additional investments will be accepted at increments of PHP5,000, with maximum investment pegged at PHP500,000.
Investors may place their investments through the Land Bank of the Philippines (Landbank), Development Bank of the Philippines (DBP), China Banking Corporation (Chinabank), and First Metro Securities and Brokerage Corporation.
The BTr has tapped Union Bank of the Philippines (Unionbank) to come up with a mobile application (app) for the RTB sale, Bonds.PH, which is available from the Play Store for android phones and Apple Store for IOS.
Investors may place their RTB investments through this mobile app. (PNA)
