PRESS RELEASE
PR-027-2023
(12 February 2023, Singapore) – The Philippine Government, through the Bureau of Treasury (BTr) and the Embassies of the Philippines to Singapore, Malaysia, Mexico, and the Consulates General in Hong Kong and Macau, conducted a financial literacy webinar offering investment opportunities through the 29th Tranche of Retail Treasury Bonds (RTB 29) on 12 February 2023 via Zoom platform.
In his welcome remarks, Deputy Head of Mission and Consul General Emmanuel R. Fernandez emphasized the importance of investing in Retail Treasury Bonds as a means to save for rainy days, but also as a way for Filipinos to “…take an active part in nation-building, since the government will be able to use our investments in funding priority projects such as infrastructures, refinancing of existing debt, and support for sectors most affected by the COVID-19 pandemic. ”
The Retail Treasury Bonds (“RTBs”) form part of the National Government’s program to make government securities available to retail investors, especially individuals. It is a 5.5-year, low-risk, fixed income investment that will provide interest on a quarterly basis. Key features of the RTBs include:
● A fixed interest rate over the term of the bond;
● Interest rate is based on prevailing market rates, determined during auction date; Interest is paid quarterly over the term of the bond; and
● Targeted at retail and individual investors.
Throughout the Offer Period, individuals, corporations, financial institutions, and other institutional investors can purchase RTBs through the Bureau of the Treasury’s Online Ordering Facility (www.treasury.gov.ph), Bonds.PH Mobile Application (“Bonds.PH”), Overseas Filipino Bank (“OFBank”) Mobile Banking Application, Landbank of the Philippines (“LBP”) Mobile Banking Application (“LBP MBA”), or over-the-counter through any of the Selling Agents. All mobile applications are downloadable for free via Google Play or the App Store.
Proceeds from the issuance of the RTBs will be directed to sustaining the Philippines’ recovery from the COVID-19 pandemic and funding critical national expenditures as approved by the 2023 National Budget.
For more information on the RTBs, please visit www.treasury.gov.ph.
