BAGUIO CITY – – Here’s a chance for small retail investors to avail of government securities and at the same time, have a chance to win cash reward up to P1 million and other raffle prizes.
Treasurer of the Philippines Rosalia De Leon, in leading the “Premyo Bonds para sa Bayan” roadshow here on Tuesday, explained that Premyo bonds aim to spur the socio – economic agenda of the national government, especially on health care and education, and at the same time promote financial literacy and inclusion and create savings–consciousness among Filipinos.
An individual, association or cooperative can invest a minimum of P500 and multiples of P500 thereafter up to P10 million in any of the authorized selling banks namely: Development Bank of the Philippines, LandBank of the Philippines, China Bank, Banco De Oro, the First Metro (Metro Bank Group) and the Philippine National Bank.
The bond has a maturity of one year and an interest of three percent per annum to be paid quarterly. The investors are also entitled to a raffle coupon for every P500 investment wherein a quarterly draw will have 50 winners of P20,000, 10 winners of P100,000 and a grand prize of P1 million.
There are also non – cash rewards such as condominium units or houses and lots to be given by partner institutions that include Hotel 101, Lessandra by Vista Land and Megaworld, De Leon said.
The Premyo Bond public offering period is from November 25 to December 13. The bond issue date will be December 18, 2019 and will mature on December 18, 2020.
Investors with DBP or LandBank accounts can also Purchase premyo bonds online by logging on to the BOT website www.treasury.gov.ph and read through the details of the investment.
De Leon assured a safe and secure investment for the people with the Premyo Bonds para sa Bayan program.
The Bureau of Treasury is now on a nationwide roadshow for the promotion of the Premyo Bonds. Aside from the National Capital Region and Baguio, it is also set to go to Bacolod, Pampanga, Iloilo, Cagayan De Oro, Cebu and Davao. **JDP/CCD-PIA CAR
