RTB 30 raises PHP584.9-B, fueled by BDO’s facilitation
2024 March – The 30th tranche of retail treasury bonds (RTB 30) has successfully raised an impressive P584.9 billion, earmarked to fuel the government’s vital projects in agriculture, infrastructure, education, and healthcare. The offer period, spanning from February 13 to 23, concluded on February 28, 2024, with a maturity date set for February 28, 2029.
BDO Unibank Inc. (BDO), serving as Joint Issue Manager, made the RTB 30 accessible to investors through convenient over-the-counter placements in its branches. With a minimum investment of P5,000, investors can enjoy higher returns compared to traditional savings or time deposits. RTB 30 offers a lucrative five-year tenor investment boasting a gross interest rate of 6.25% per annum, disbursed quarterly until its 2029 maturity.
BDO and its investment banking arm, BDO Capital & Investment Corporation (BDO Capital), have been instrumental in facilitating the sale of RTBs since its inception in 2001.
Eduardo V. Francisco, president of BDO Capital, emphasized their enduring commitment to aiding the government and corporations in capital raising endeavors.
“For over two decades, we have steadfastly supported our corporate clients in issuing bonds and raising funds through the lending market, while also democratizing investing, particularly for first-time investors. The benefits of the RTB extend beyond investors; it stands to benefit every Filipino as the bond proceeds contribute to funding essential national projects,” stated Francisco.
RTB 30 presented a prime opportunity for small investors to incrementally grow their wealth through an affordable, secure, and accessible investment avenue, simultaneously contributing to the nation’s development by bolstering funding for crucial government projects.
Related Stories: