The Bureau of the Treasury (BTr) raised P500 billion from the 31st Retail Treasury Bonds (RTB 31) issuance.
In a statement Monday, the BTr said it raised P425.51 billion in new money amid a very string market demand.
Of the total, P210 billion was awarded during the auction held on Aug. 5 while the remaining P81.65 billion was generated through the bond exchange conducted during the first four days of the offer period.
The offer period for the five-year issuance, with a coupon rate of 6 percent per annum, ran from Aug. 5 to 15.
The issue and settlement date of RTB-31 is set Aug. 20, 2025, with maturity on Aug. 20, 2030.
"Proceeds from the RTB-31 issuance will be used to support the government’s budgetary requirements for various projects and programs in education, health, infrastructure, agriculture, among others," said the BTr.
The BTr, together with the RTB-31 Joint Lead Issue Managers and Joint Issue Managers, earlier conducted regional roadshows in Baguio, Zambales, Pampanga, Laguna, Quezon, Naga, Tacloban, Cebu, Davao and Butuan to further broaden retail participation and enhance public awareness of the issuance.
Online financial literacy sessions were also conducted for overseas Filipino communities, local retail investors and various institutions, including schools and cooperatives.
Similar to past RTB issuances, RTB-31 was made available for as low as P5,000 through traditional over-the-counter channels of bank branches, as well as on digital channels such as the BTr online ordering facility, the Bonds.PH mobile app, the Overseas Filipino Bank mobile banking app, the Land Bank of the Philippines mobile banking app, and PDAX.
It was also the first RTB to be made available on GCash, via the GBonds function.
Treasury bills
The BTr meanwhile fully awarded bids for Treasury bills during Monday's auction.
The 91-, 182-, and 364-day T-bills fetched average rates of 5.234 percent, 5.435 percent, and 5.564 percent, respectively.
The auction attracted P113.7 billion in total tenders and raised the full program of P25 billion.
BTR PHOTO
