THE Auction Committee of the Bureau of Treasury (BTr) raised P162.2 billion in an auction Tuesday, Feb. 7, 2023 for the 29th tranche of Retail Treasury Bonds (RTBs), setting a coupon rate of 6.125 percent for the 5.5 year security.
RTB-29 was met with strong demand attracting P196.1 billion in total tenders—6.5 times the P30 billion initial offer. The RTBs will be available to the investing public at a minimum initial investment of P5,000 until Feb. 17, 2023, unless terminated earlier by the BTr.
A bond is a fixed-income investment that represents a loan made by an investor to a borrower. There are two types of bonds in the Philippines: government bonds and corporate bonds.
The BTr named 21 selling agents for the 5.5-year RTB-29. These are the Asia United Bank, BDO Unibank Inc., BDO Capital and Investment Corp., BPI Capital Corp., China Banking Corp., China N.A., Development Bank of the Philippines, East West Banking Corp., First Metro Investment Corp., ING Bank NV, Land Bank of the Philippines, Maybank Philippines Inc., Metropolitan Bank and Trust Company, Philippine Bank of Communications, Philippine National Bank, Rizal Commercial Banking Corp., Robinsons Bank Corp., Security Bank Corp., Standard Chartered Bank, The Hong Kong and Shanghai Banking Corporation Ltd., Union Bank of the Philippines.
The BTr will be holding a series of virtual and onsite investor briefings to better inform the public about its latest RTB offering. (with PR)