Retail Treasury Bonds, ang kaagapay mo sa buhay
Retail Treasury Bonds
Safe, low-risk, and affordable investment instruments that strengthen financial inclusion and broader participation among Filipinos.
Retail Dollar Bonds
The Retail Dollar Bonds forms part of the National Government’s program to make government securities available to retail investors.
Invest in RTBs for as low as PHP 5,000
The 30thth Tranche of Retail Treasury Bonds (“RTB”) (“RTB30”) form part of the National Government’s program to make government securities available to retail investors.
Benefits to Investors:
Sovereign Backing. RTBs are peso-denominated investment securities issued by the Republic of the Philippines. Investments in RTBs are direct obligations of the Republic and are thus considered Investment grade.
Affordable. RTBs are affordable investments with a minimum placement amount of PHP5,000.
Frequent Interest Payments. RTBs pay interest quarterly.
Relatively Higher Yield. RTBs offer relatively higher yields compared to savings and deposit instruments.
Convenient. RTBs can be purchased from any of the Selling Agent banks. Investors can even use their existing savings account as the settlement account for the placement of RTBs and receipt of interest.
Negotiable and Transferrable. RTBs have an active secondary market where investors can buy and sell government securities.
During the Public Offer Period, RTBs will be made available by the Bureau of the Treasury (“BTr”) through the Selling Agents to the following:
Individuals, Corporations, Financial Institutions, Cooperatives, Retirement Funds, Provident Funds, and other Institutional Investors.
Switch Program
RTB30 also offers a Bond Exchange Mechanism for the Following Eligible Bonds:
| |
|
|
|
|---|---|---|---|
| RTB 03-11 | 2.375% | March 9, 2024 | 1:1 |
| RTB 05-12 | 6.250% | March 12, 2024 |
1:1 |
Bondholders of the maturing Eligible Bonds have the option to convert their holdings to the new RTB30.
Terms of the offering |
| Issuer | Republic of the Philippines through the Bureau of The Treasury |
| Issue | Retail Treasury Bonds – Tranche 30 |
| Issue Date | February 28, 2024 |
| Maturity Date | 5 years from Issue Date |
| Public Offer Period* | February 13 to February 28, 2024 |
| Issue Price | At par (or 100%) |
| Redemption Price | At par (or 100%) |
| Coupon Rate | 6.250% gross p.a. |
| Taxation** | 20% final withholding tax on interest income |
| Payments | Quarterly |
| Listing and Trading | Philippine Dealing and Exchange Corporation |
| Denomination | Minimum denominations of PHP5,000 and in increments of PHP5,000 thereafter |
| Negotiability | Negotiable and transferrable |
* The BTr has the discretion to adjust the Public Offer Period
** Not applicable for tax-exempt institutions
| 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 Union Bank of the Philippines |
For more details, visit: treasury.gov.ph/ or contact your BDO representative now.
Contact us
Head Office:
17/F BDO Equitable Tower, 8751 Paseo de Roxas, Salcedo Village, Makati City 1226
(+632) 8840-7000
bdocap@bdo.com.ph
BDO Capital & Investment Corporation ("BDO Capital") was incorporated in the Philippines on September 8, 1998, as a majority-owned subsidiary of BDO Unibank, Inc. ("BDO"), a Philippine universal bank listed in the Philippine Stock Exchange. BDO Capital received its license as an investment house from the Philippine Securities and Exchange Commission on November 4, 1998, and started commercial operations on March 15, 1999. BDO Capital presently conducts business as a full-service investment house with the following functions, among others: securities underwriting and trading; loan syndication; financial advisory; and private placement of debt and equity.
