Bureau of Treasury Offers RTB Investments to Cebuanos

The Bureau of Treasury (BTr) once again offered retail treasury bonds (RTB) to Cebuanos in an event at the Marco Polo Hotel on June 1, 2018. Interested investors and different representatives from major banks in the country came to the venue.

156 banks are accredited RTB-selling agents, and investors shall have peso accounts with these banks, which include Banco de Oro Universal Bank, Bank of Commerce, BDO Capital & Investment Corp., China Banking Corp., BPI Capital Corp., Citibank, Development Bank of the Philippines, First Metro Investment Corp., ING Bank, Land Bank of the Philippines, Metropolitan Bank and Trust Company, Philippine Bank of Communications, Philippine National Bank, Rizal Commercial Banking Corp., Security Bank Corp., and Union Bank of the Philippines.

It is due to the increased demand of RTBs that the auction committee decide to open more opportunities to future investors. BTr accepted ₱66 billion of the total ₱92.8 billion tenders in the initial auction of new three-year RTBs with a coupon rate of 4.875 percent.

The bond offer is open from May 30 to June 8, 2018 to aid in the infrastructure programs planned by the government.

₱5,000 is the minimum to be able to invest in RTB with a maturity date of about 3 years. Investing on RTBs is a low-risk investment because they have direct and unconditional obligations of the Philippine government. Interest payments are made quarterly.

National Treasurer Rosalia De Leon said she was glad of the enthusiasm of Filipinos on RTB and more Filipinos are investing in the government which also helps the government on funds. (Aljun Cainghog)