11 June 2018, Manila, Philippines – The Bureau of the Treasury (BTr) is set to issue a total of P121.8 billion worth of Three-Year Retail Treasury Bonds (RTBs), following the offer period from May 30 to June 8, 2018. The first offering of RTBs for 2018 was met with strong demand from the investing public, with the total issue size more than 4x higher from the initial planned issuance of P30 billion.
It awarded P66 Billion during the auction set last 30 May and an additional P55.8 billion was raised during the public offer period from May 30 to June 8. The BTr conducted roadshows in key cities nationwide to inform interested investors on the terms and benefits of the investment product.
“As with the past issuances of RTBs, we are glad to have generated strong and continued support from the general investing public. We are encouraged by the results of this latest offering, as this is proof that more and more Filipinos are getting into the habit of investing, while doing their share in nation-building,” stated National Treasurer Rosalia V. De Leon.
Proceeds from the issuance of RTBs, which are part of the government’s proactive financing strategy, will help fund its massive infrastructure program. The BTr had earlier noted that this latest offering of RTBs was being made available to Filipinos amid favorable macroeconomic conditions.
“We are also delighted to instill good financial habits for many Filipinos. Through RTBs, many individuals are now investing to achieve their financial goals—proof that beneficiaries of RTBs range from individuals to families to the entire nation,” Treasurer de Leon remarked. “When more Filipinos invest, they are indeed primed to take advantage of opportunities and adventures that come their way. This is the spirit behind our campaign, ‘#RTBparaReadyTayoBukas.’”
Land Bank of the Philippines was the Lead Issue Manager for the 21st RTB offering. BDO Capital & Investment Corporation, BPI Capital Corporation, Development Bank of the Philippines, Metropolitan Bank and Trust Company, and SB Capital Investment Corporation were the Joint Issue Managers.**
