These bonds are up for grabs until June 8.
The Bureau of the Treasury is noting “good reception” for their latest offering of retail Treasury bonds (RTBs) with a three-year tenor.
The government has so far raised P66 billion from the sale, well above the P30 billion minimum which they have set. These RTBs are targeted for individual investors to get more people into the habit.
The state-run Land Bank of the Philippines is the lead issue manager while the Development Bank of the Philippines, BDO Capital & Investment Corp., BPI Capital Corp., Metropolitan Bank & Trust Co. and SB Capital Investment Corp. serve as joint issue managers.
Apart from these banks, other lenders are authorized to sell the RTBs: BDO Unibank, Bank of Commerce, China Banking Corp., Citibank N.A., First Metro Investment Corp., ING Bank, Philippine Bank of Communications, Philippine National Bank, Rizal Commercial Banking Corp., Security Bank Corp., and Union Bank of the Philippines.