The Bureau of Treasury officials headed by Deputy Treasurer of the Philippines Gisela Lood and officials from partner banks led the Retail Treasury Bonds Tranche 29 (RTB 29) Roadshow at the Forest Lodge here on Friday to invite prospective investors in Baguio City and Cordillera to invest in the latest BTr offering.
RTB 29 is 5.5 – year RTBs with exchange offer that is due in 2028. Minimum investment is P5,000 and increment of P5,000 thereafter and with an interest rate of 6.125 percent and where interests are given quarterly subject to 20% final withholding tax except for tax exempt institutions.
Offering period is from February 7 to 17, 2023.
Deputy Treasurer of the Philippines Gisela Lood invites investors during the Retail Tresury Bond Tranche 29 Roadshow in Baguio City. (CCD/PIA CAR)
Interested investors can invest online via www.treasury.gov.ph. or over the counter through the BTr partner banks that include the Landbank of the Philippines, Development Bank of the Philippines, Chinabank, BDO, BPI, First Metro, PNB, SB Capital and UnionBank. Additional information is also available in this BTr website.
The RTBs are low – risk savings instruments because they are direct, unconditional and general obligations of the Republic of the Philippines. They are affordable and are higher yielding compared to savings account and term deposit.
The BTr is the official issuer of the RTBs that form part of the national government’s program to diversify funding sources for the country’s priority projects nationwide.
Lood encouraged investors to help the BTr and its participating banks in making the RTB 29 issuance just as successful, if not more successful than the previous issuance, so that all together we can also help for the continued recovery and bring a brighter and more prosperous tomorrow for our country.
“As you hope anew for continued recovery and a brighter and more prosperous tomorrow for our country, we, at the Bureau of the Treasury, likewise hope to make this happen through a strong and fruitful RTB 29 issuance.