The Bureau of the Treasury (BTr) auction committee raised around P210 billion during the coupon rate setting auction for the five-year retail treasury bond (RTB) on Tuesday.
National Treasurer Sharon Almanza, during the official launch of the RTB sale, encouraged the public to invest in the latest offering, noting that it will not only benefit them but the whole nation since funds will be used for various government infrastructure projects.
“By investing in RTBs you are investing in the future of the Philippines,” she said.
The debt paper, intended for small investors given its P5,000 minimum placement and multiples of P5,000 thereafter, fetched a coupon rate of 6 percent.
Total bids submitted during the auction reached P354.175 billion, way higher than the P30 billion offering.
Offer period will be until Aug. 15. The target issue date is Aug. 20.
Part of the issuance is a swap option for holders of securities due on Sept. 9, 2025, Feb. 4, 2026, and Feb. 14, 2026.
Investors may invest through the BTr website www.treasury.gov.ph; and Development Bank of the Philippines (DBP), Land Bank of the Philippines (Landbank), Metropolitan Bank & Trust Company (Metrobank), and China Banking Corporation (Chinabank).
Authorized selling agents are Australia and New Zealand Banking Group Limited, Asia United Bank, BDO Capital & Investment Corporation, Bank of China Limited - Manila branch, Banco de Oro Unibank Inc., BPI Capital Corporation, Chinabank, Citibank NA, Philippine Bank of Communications, CTBC Bank (Philippines) Corporation, DBP, and Deutsche Bank AG.
Also, East West Banking Corporation, The Hong Kong and Shanghai Banking Corporation Ltd, ING Bank NV, Maybank Philippines Inc., Metrobank, Bank of Commerce, Philippine National Bank, Rizal Commercial Banking Corporation, Standard Chartered Bank, Security Bank Corporation, Landbank, and Union Bank of the Philippines.
For application-based channels, investors can tap the Landbank and OFBank mobile banking apps, Bonds.PH, PDAX, and virtual wallet GCash.
BTR PHOTO
