MANILA – The Philippine government will offer at least P30 billion worth of three-year retail treasury bond (RTB) from Jan. 28 to Feb. 6 and conduct swaps for the same tenor that will mature on Apr. 11.
In a notice of offering posted on the Bureau of the Treasury (BTr) website Friday afternoon, the BTr said the settlement date for the peso-denominated RTB has been set on Feb. 11.
The last time the government issued RTBs was March 2019, amounting to P235.93 for a three-year paper.
RTBs are targeted for small investors since minimum investment is P5,000.
The government has been lobbying RTB issuance to encourage more people to invest as the economy expands and more people become financially capable to save.
The BTr will formally launch the 23rd tranche of RTB sale on Tuesday in a briefing at the Development Bank of the Philippines’ main office in Makati. (PNA)
