BTr seeks Cebuano investors for RTBs

THE Bureau of Treasury will meet with potential investors today for the latest RTB issuance with a coupon rate set at 4.625 percent maturing by 2022, with total tenders reaching P191.8 billion for a bid-to-cover ratio of 6.39.

“For the 20th offering of retail treasury bonds, we are taking advantage of the added liquidity in the market leading up to the Christmas season. We also know that many Filipinos will have a ‘spend’ mindset during these times, so we want to present them with an investment option that will have multiple returns to them,” said National Treasurer Rosalia de Leon in a statement. Investing in RTBs start at P5,000.

BTr said it generated P130 billion from selling RTBs, more than quadruple the P30 billion it was initially selling.

“This prompted the Auction Committee to expand its offering from the initial announcement of P30 billion to accommodate market appetite,” the BTr said.

The BTr sets the offer period for the five-year bonds until Nov. 29.

BTr issued the 19th tranche of RTBs last March that allowed the bureau to raise P70 billion.

“Investing in retail treasury bonds is a way for the public to become more aware of affordable and secure investment options that are available to them,” de Leon said. (JOG)
style="display:block; text-align:center;"
data-ad-layout="in-article"
data-ad-format="fluid"
data-ad-client="ca-pub-2836569479021745"
data-ad-slot="1977900730">


VIEW COMMENTS
DISCLAIMER:

SunStar website welcomes friendly debate, but comments posted on this site do not necessarily reflect the views of the SunStar management and its affiliates. SunStar reserves the right to delete, reproduce or modify comments posted here without notice. Posts that are inappropriate will automatically be deleted.


Forum rules:

Do not use obscenity. Some words have been banned. Stick to the topic. Do not veer away from the discussion. Be coherent. Do not shout or use CAPITAL LETTERS!

sunstar.com.ph