More Filipinos open to investing, Treasury says after retail bond offer
There are more and more patriots investing in the country’s future.
The Bureau of the Treasury said the P255.4 billion in retail Treasury bonds (RTBs) is a testament that more Filipinos are seeing the value of investing their money in the government’s hands.
This comes after the bureau’s initial P30-billion offering ballooned to nearly 10 times within a one-week offer period.
“We are delighted that the general investing public continued to show strong support for RTBs. The overwhelmingly positive response from the public shows that an increasing number of Filipinos are saving and investing, as well as considering the long-term benefits of investments for themselves and their loved ones,” National Treasurer Rosalia de Leon said.
What’s more, these bonds illustrate people’s willingness to support the spending goals of the Duterte administration.
“The benefits of RTBs are multifold. These instruments help achieve financial stability for individuals and families, and, at the same time, these allow ordinary Filipinos to profoundly contribute to nation-building,” De Leon added.
The government will repay investors after five years plus interest.