Government raises P167.25 billion from latest retail Treasury bond offering

Floyd Brenz., Philippine Canadian Inquirer
October 10, 2026

Photo Courtesy: Bureau of the Treasury

PHILIPPINES – The Philippine government raised P167.25 billion in fresh funds through its latest Retail Treasury Bond (RTB) offering, surpassing its initial fundraising target as it seeks to finance public projects and programs.

The Bureau of the Treasury said P84.86 billion was raised during the rate-setting auction, while another P82.39 billion came from the public offer period, which ran from September 29 to October 7.

The total exceeded the government’s initial target of P30 billion and the P150-billion projection announced when the offering was launched.

The 32nd tranche of Retail Treasury Bonds carries a 6.875 percent annual interest rate and a 2.5-year term, with maturity scheduled for 2029. The bonds were offered to individual investors for a minimum investment of P5,000 through participating banks, online platforms and mobile applications.

The government plans to use the proceeds to support its budgetary requirements, including spending on education, health, infrastructure and agriculture.

The latest issuance forms part of the government’s domestic borrowing program. For the final quarter of 2026, the national government plans to borrow P892 billion from domestic sources.

For the full year, the government’s borrowing program stands at P2.73 trillion, with P1.92 trillion expected to come from the domestic market.

Retail Treasury Bonds allow individual investors to earn fixed interest while lending money to the government. The Treasury has been promoting the securities as an investment option for Filipinos, including small-scale investors looking for alternatives to traditional savings products.