CEBU CITY, Cebu (PIA) -- The Bureau of the Treasury (BTr) is encouraging the public to invest in its newest bond offering, the Retail Treasury Bonds 30 or RTB30.
The RTB30 is an affordable, convenient, low-risk, short-term, and high-yielding investment security issued by the Philippine government.
During the recent RTB30 Roadshow in Cebu City, officials from BTr and partner banks promoted the latest bond issuance by the government.
The proceeds from RTB30 will finance the government's various priority projects nationwide and key national expenditures focused on promoting the agriculture, education, infrastructure, and healthcare sectors.
Investment opportunity
Dianne Iris Quintayo, a bank employee in Cebu City, was encouraged to invest in RTB30 after attending the RTB30 roadshow.
She said the roadshow was an opportunity for her to learn about other investment products.
“From attending the roadshow, I was encouraged to invest in RTB30. I will be able to convince more clients to invest, especially using online banking facilities. While your funds are of no use, why have you tried investing in RTB30 because it's only as low as 5,000, if you have a spare of this amount, you can invest it right away, and what’s good about it is that quarterly you will be receiving your interest,” Quintayo added.
The roadshow also taught her about the various ways to invest, especially using online channels, which she said is a huge help for her as a banker and as an investor.
“As a banker, what we really need to learn is the terms of the product. When we decided to attend, we really want to learn the terms of the product, the condition, and how we are able to offer this to our clients,” she added.
According to BTr, the public can invest in RTB30 for as low as P5,000 within the ten-day investing period from February 3 to 23, 2024.
Anyone can still invest beyond Feb. 23 for as long as there are still available slots, while the target issue settlement date for RTB30 is set for Feb. 28, 2024.
After the offer period, investors may purchase the RTB30 in the secondary market at prevailing market rates.
Any eligible investor, such as individuals, cooperatives, and other institutions who are looking for an accessible, low-risk, and relatively higher-yielding investment, can invest in RTB30.
The RTB30 has the following terms of offering:
- Maturity period – 5 years
- Issue date - February 28, 2024
- Maturity date - February 28, 2029
- Fixed Interest rate – 6.250% per annum
- Frequency of Interest Payments - Quarterly (subject to 20 percent final withholding tax except for tax-exempt institutions)
- Minimum Investment – P5,000
- Taxation – 20 percent withholding tax on interest income (not applicable for tax-exempt institutions)
BTr announced that investors can invest in RTB30 through any of the three different modes of investment.
It can be purchased over the counter through any authorized selling agent, online via www.treasury.gov.ph, and via app-based investment channels.
BTr has partnered with major banks in the country to act as the authorized selling agents for RTB30.
The partner selling agents are the China Banking Corporation, Land Bank of the Philippines, Development Bank of the Philippines, and First Metro Securities.
Investors can also purchase the RTB 30 from any of the following mobile banking applications: LANDBANK Mobile Banking App, OFBank Mobile Banking App, and Bonds PH Mobile App. (RGC/PIA7 Cebu)
