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Retail treasury bonds launched at 6.25 pct, 5-year tenor

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ABS-CBN News

<div><img src="https://od2-image-api.abs-cbn.com/prod/editorImage/20160722-treasury-intramuros-JC-4.jpg" style="width:950px" class="fr-fic fr-dib"/>The Bureau of Treasury, Manila. Jonathan Cellona, ABS-CBN News</div>MANILA - The Philippines on Tuesday launched its latest retail treasury bond (RTB) offer with a 6.25 percent annual gross interest and a 5 year tenor. The Bureau of Treasury said the interest on the RTBs is payable every quarter until its maturity in 2029, with a minimum investment of P5,000. “The public offering will begin on February 13, 2024 until February 23, 2024, and will be settled on February 28, 2024,” the Department of Finance said. Finance Secretary Ralph Recto said the public should take advantage of the latest RTB offer, which is a convenient and virtually risk-free investment.“RTBs are just a few swipes away, making investing as easy as ordering our favorite food delivery,” Recto said.The DOF said that aside from over-the-counter transactions, RTBs can be purchased via the BTr’s Online Ordering Facility for investors who are clients of the China Banking Corporation, the Development Bank of the Philippines (DBP), the Land Bank of the Philippines, and First Metro Securities. The RTBs are likewise accessible via mobile banking through LANDBANK, OFBank, and Bonds.PH applications.<div><iframe width="640" height="360" src="https://www.youtube.com/embed/2MWPzlT-Fkk?&amp;wmode=opaque&amp;rel=0" frameBorder="0" allowfullscreen="" class="fr-draggable"></iframe> </div>

Finance Secretary Ralph Recto said the public should take advantage of the latest RTB offer, which is a convenient and virtually risk-free investment.

Finance Secretary Ralph Recto said the public should take advantage of the latest RTB offer, which is a convenient and virtually risk-free investment.