Treasury raises whopping P255B from retail bond sale
Filipinos actually bought the government’s investment pitch for their Christmas bonuses.
The Bureau of the Treasury raised P255.4 billion in retail Treasury bonds during its week-long public offering, it announced on Monday, Dec. 4. The amount is nearly double the P130 billion which the government eyed to sell, and is overwhelmingly above the initial P30-billion offering.
The government awarded P130 billion during the pricing auction on Nov. 20 and raised P125.4 billion more during the public offering which lasted until Nov. 27.
“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 in a statement.
The Treasury held several roadshows nationwide to sell the prospects of investing in these five-year bonds, which will earn an annual interest of 4.625%.