MANILA – The Philippines raised P84.9 billion during the launch of its latest retail treasury bond issue on Tuesday, as strong demand drove total bids to over six times the initial target, according to the Bureau of the Treasury.
The agency set a gross interest rate of 6.875 percent per annum for the 2.5-year security (RTB 32) after receiving P188.6 billion in total tenders against an initial P30 billion offering.
The public offer period runs from September 29 to October 7, with a minimum entry requirement of P5,000. The government-backed bonds, which mature in 2029 and pay quarterly interest, are scheduled for official issue on October 12.
The transaction marks 25 years of the government's retail treasury bond program, which has raised more than P6 trillion since 2001 to help finance national development projects.
Finance Secretary Frederick Go said the issue aims to broaden financial inclusion by giving ordinary citizens direct access to capital markets.
“With investments starting at P5,000, retail treasury bonds provide an accessible investment option for Filipinos. They allow individuals, including those who may be new to investing, to participate in the country’s financial markets and build their savings over time,” he said.
Go stressed that digital innovations remain central to connecting individual savers with state financing needs.
“Through strategic regulation, collaborative partnerships with the private sector, and aggressive digital innovation, we bridge the gap between everyday savers and institutional capital markets,” he said.
The DOF said interested investors in RTB32 can visit any of the authorized selling agents or through the BTr’s Online Ordering Facility and participating mobile banking platforms such as LANDBANK, OFBank, PDAX, GBonds via GCash, ATRAM Prime, ATRAM PERA, and RCBC Pulz.