Cebuanos urged: Invest in retail treasury bonds

By: Victor Anthony V. Silva November 21,2017 - 11:22 PM

CEBUANOS are encouraged to invest in retail treasury bonds (RTBs).

The Bureau of Treasury (BTr) is making this call to Cebuanos and giving them a viable investment option this Christmas as the BTr offers RTBs anew.
Rosalia de Leon, national treasurer, said in a statement, that they would take advantage of the added liquidity in the market leading to the holidays by offering the government’s 20th RTB issuance.

“We also know that many Filipinos will have a ‘spend’ mindset during these times, so we want to present them with an investment option that will have multiple returns to them,” she said.

On Monday, the BTr issued P130 billion in RTBs at a coupon of 4.625 percent, with more expected to be sold in minimum denominations of P5,000 to small investors until Nov. 29.

At the rate-setting auction for the government’s 20th RTB issuance, the Treasury said there was “tremendous market demand” for the five-year IOUs as tenders for the initial P30-billion offering reached a total of P191.8 billion.

The BTr was also in Cebu last March to promote its 19th RTB offering, auctioning off P70 billion and raising an additional P110 billion.

Today, the Cebu roadshow will be held at Radisson Blu Hotel at the North Reclamation Area.

The agency said RTBs have become a stable platform in the government’s financing program.

Offering RTBs to the public is one way for the government to develop the capital market by expanding the investor base of government securities, the Treasury added.

Furthermore, it also presents a viable option for Filipinos looking to achieve their financial goals while helping meet the national government’s financial needs.

“The best gift Filipinos could give to themselves or their loved ones is financial stability, and by investing in retail treasury bonds, they are opening up more opportunities for themselves and their families, enabling themselves to rely beyond a single source of income,” de Leon said.

For this 20th RTB offering, the Development Bank of the Philippines and Land Bank of the Philippines are the Joint Lead Issue Managers.

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