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

The Treasury wants Pinoys to lend their Christmas bonus to gov’t


Have you ever thought about using your 13th month pay for investments?

The Bureau of the Treasury wants to get more Filipinos into the habit of investing.

The government is eyeing to raise P130 billion from five-year retail Treasury bonds, which it will offer from Nov. 20-29, 2017. The papers will be paid at a rate of 4.625% due in 2022, which can be availed of by the public at a minimum investment of P5,000.

While it may seem unusual, the Treasury actually wants to attract Filipinos to think of investing the money by lending their bonuses to the government.

“For the 20th offering of retail treasury bonds, we are taking advantage of the added liquidity in the market leading up to the Christmas season. We also know that many Filipinos will have a ‘spend’ mindset during these times, so we want to present them with an investment option that will have multiple returns to them,” National Treasurer Rosalia de Leon said in a statement.

“The best gift that Filipinos could give to themselves or their loved ones is financial stability, and by investing in retail treasury bonds, they are opening up more economic opportunities for themselves and their families, enabling themselves to rely beyond a single source of income.”

Is that enticing enough?

Please follow and like us:

Tags: , , , , , , ,

Related Stories
Build, Build, Build also means borrow, borrow, borrow.
The Philippines wants to scale up its embassy located in an upscale area in Tokyo.
There are more and more patriots investing in the country’s future.
The Bureau of the Treasury has bumped up the volume of retail Treasury bonds (RTBs)


Trending News

Recommended on sister sites

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