Tuesday 16 October
Powered by Ajaxy
Nov 20, 2017 @ 18:13

Gov’t to raise P130B from retail bond offering

 

The Bureau of the Treasury has bumped up the volume of retail Treasury bonds (RTBs) to P130 billion after receiving “tremendous” demand.

In a statement, the Treasury said they jacked up the amount from the initial P30-billion plan for the five-year papers after the initial pricing saw P191.8 billion in total bids.

The rates will carry an annual interest of 4.625% and will mature by 2022. The papers will be offered to individual investors between Nov. 20-29, 2017 at a minimum investment of P5,000.

The state-run Development Bank of the Philippines and Land Bank of the Philippines serve as the joint lead issue managers. Other selling agents are BDO Capital & Investment Corporation, BPI Capital Corporation, China Bank Capital Corporation, First Metro Investment Corporation, and SB Capital Investment Corporation.

“We have been encouraged by the response of the general investing public when we offered retail treasury bonds back in March to April,” National Treasurer Rosalia de Leon said.

This is the second time for the Treasury to issue RTBs this year after raising P181 billion from the public offering. Unlike the regular bond issuances where banks bid, the RTBs lets Filipinos to directly lend to the government.

Please follow and like us:

Tags: , , , , , , , , ,

Related Stories
This bank is infusing fresh blood and new minds to its top decision-making body.
Does the promise of a stable future sound romantic?
Have you ever thought about using your 13th month pay for investments?
A plunge of the Turkish lira to record lows sent shivers through global markets Friday


 

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.