Business and Economy
BTr to offer at least P30-B 3-year retail treasury bonds
In a notice of offering posted on the Bureau of the Treasury (BTr) website Friday afternoon, the BTr said the settlement date for the peso-denominated RTB has been set on February 11. (File Photo: Bureau of the Treasury/Facebook)
MANILA – The Philippine government will offer at least PHP30 billion worth of three-year retail treasury bond (RTB) from January 28 to February 6 and conduct swaps for the same tenor that will mature on April 11.
In a notice of offering posted on the Bureau of the Treasury (BTr) website Friday afternoon, the BTr said the settlement date for the peso-denominated RTB has been set on February 11.
The last time the government issued RTBs was in March 2019, amounting to PHP235.93 for a three-year paper.
RTBs are targeted for small investors since minimum investment is PHP5,000.
The government has been pushing for RTB issuance to entice more people to invest as the economy expands and more people become financially capable to save.
The BTr will formally launch the 23rd tranche of RTB sale on Tuesday in a briefing at the Development Bank of the Philippines’ main office in Makati.
