Gov’t to offer retail treasury bonds in Q3

THE Bureau of the Treasury (BTr) is set to offer Retail Treasury Bonds (RTBs) within this quarter as part of the government’s efforts to raise P2.6 trillion in borrowings this year.

“So [National Treasurer] Sharon [Almanza] I think will issue retail treasury bonds, RTBs within the quarter,” Finance Secretary Ralph Recto told reporters.

Recto said the government plans to raise around P200 billion from the RTBs issuance.

The government last issued RTBs in February last year.

The RTB 30 was made available for as low as P5,000 through the traditional over-the-counter placement in bank branches, as well as digital channels such as the BTr Online Ordering Facility, the Bonds.PH mobile app, the Overseas Filipino Bank mobile banking app, and the Land Bank of the Philippines (Landbank) mobile banking app.

The government raised P584.86 billion from the RTB issuance which was used as funding support for various programs under the agriculture, infrastructure, education, and healthcare sectors, among others.

The BTr, meanwhile, raised P28.4 billion from the Treasury bills (T-bills) auction on Monday, July 21, higher than the P25 billion initial program.

The 91-, 182-, and 364-day T-bills fetched average rates of 5.422 percent, 5.566 percent, and 5.631 percent, respectively –all lower than previous auction and prevailing secondary market rates.

The auction was 3.7 times oversubscribed with total bids reaching P92.2 billion, prompting the Auction Committee to double the accepted non-competitive bids for the 182-day T-bills to P6.8 billion. (PNA)

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