Invest in RDB 2 for as low as USD200.00 

 

The Retail Dollar Bonds 2 (“RDB 2”) forms part of the National Government’s program to make government securities available to retail investors. 

 

Benefits to Investors: 

 

Sovereign Backing. RDB 2 is a dollar-denominated investment security issued by the Republic of the Philippines. Investments in RDB 2 are direct obligations of the Republic and are thus considered Investment grade. 

Affordable. RDB 2 is an affordable investment with a minimum placement amount of USD200.00 

Frequent Interest Payments. RDB 2 pays frequent quarterly interest. 

Relatively Higher Yield. RDB 2 offers a relatively higher yield compared to dollar savings and deposit instruments with final withholding tax on interest assumed and paid for by the Republic.

Convenient.RDB 2 can be purchased from any of the Selling Agent banks, including BDO. Investors can even use their new and existing dollar savings account as settlement account for the payment of RDB 2 and receipt of interest. 

 

 

During the Public Offering Period, RDB 2 will be made available by the Bureau of the Treasury (“BTr”) through the selling agents to the following: 

 

Individuals, Corporations, Financial Institutions, and other Institutional Investors. 

 

Terms of the Offering: 

 

 
 
 
 
 
 

Issuer 

 
 
 
 
 

Republic of the Philippines through the Bureau of the Treasury 

 
 
 
 
 

Issue 

 
 
 
 

Retail Dollar Bonds 2 

 
 
 
 
 

Issue Date 

 
 
 
 

October 11, 2023 

 
 
 
 
 

Maturity Date 

 
 
 
 

5.5 years from Issue Date (April 11, 2029) 

 
 
 
 
 

Public Offer Period 

 
 
 
 

September 27 to October 6, 2023 

 
 
 
 
 

Issue Price 

 
 
 
 

At par (or 100%) 

 
 
 
 
 

Redemption Price 

 
 
 
 

At par (or 100%) 

 
 
 
 
 

Coupon Rate Interest 

 
 
 
 

5.75% p.a. 

 
 
 
 
 

Payments 

 
 
 
 

Quarterly 

 
 
 
 
 

Listing and Trading 

 
 
 
 

Philippine Dealing and Exchange Corporation 

 
 
 
 
 

Denomination 

 
 
 
 

Minimum denominations of USD200.00 and additional amounts in 

multiples of USD100.00 thereafter 

 
 
 
 
 

Negotiability 

 
 
 
 

Negotiable and transferrable 

 

For more information, visit www.treasury.gov.ph 

 

Joint Lead Issue Managers: 

Development Bank of the Philippines 

Land Bank of the Philippines 

 

Joint Issue Managers: 

BDO Capital & Investment Corporation 

BPI Capital Corporation 

China Bank Capital Corporation 

First Metro Investment Corporation 

PNB Capital and Investment Corporation 

SB Capital Investment Corporation 

Union Bank of the Philippines 

 

Offer period is from September 27 to October 6, 2023 only*. 

*The BTr has the discretion to adjust the Offer Period 

 

For more details, visit: treasury.gov.ph/rdb02 or contact your BDO representative now.