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Treasury raises P210B from Retail Treasury Bonds rate-setting auction

Treasury raises P210B from Retail Treasury Bonds rate-setting auction

GMA Network3 days ago
The Bureau of the Treasury (BTr) auction committee on Tuesday raised P210.0 billion during the coupon setting for the 31st offering of the Retail Treasury Bonds (RTBs) with a gross interest rate of 6.000% per annum for the five-year security.
The auction committee upsized the P30.0-billion initial offer during the auction, after total bids submitted stood at P354.2 billion, equivalent to 11.8 times the offer.
The offer period will run from August 5 to August 15, 2025, subject to the discretion of the BTr. The public can avail of investments with a minimum amount of P5,000, and in multiples of P5,000.
Authorized selling agents for the offer are the Australia and New Zealand Banking Group Ltd., Asia United Bank, BDO Capital and Investment Corp., Bank of China Ltd. Manila branch, BDO Unibank Inc., BPI Capital Corp., China Banking Corp., Citibank N.A., Philippine Bank of Communications, CTBC Bank (Philippines) Corp., Development Bank of the Philippines, Deutsche Bank AG, East West Banking Corp., HSBC Ltd., ING Bank NV, Maybank Philippines Inc., Metropolitan Bank & Trust Co., Bank of Commerce, Philippine National Bank, Rizal Commercial Banking Corp., Standard Chartered Bank, Security Bank Corp., Land Bank of the Philippines, and Union Bank of the Philippines.
The RTBs are available over the counter, through online banking, and through GBonds offered by GCash.
"We are aggressively making our RTBs available and accessible to everyone—gaya ng mga estudyante (like students), OFWs, sari-sari store owners, farmers, and young professionals. Anyone who wants their money will work as hard as they do," Finance Secretary Ralph Recto said in a statement.
"Panahon na para ang capital market ay hindi na lang para sa mayayaman o sa mga eksperto sa finance. Ito ay para sa bawat Pilipinong nangangarap ng financial security," he added.
(It is high time for capital markets to be not just for the rich or experts in finance. It is also for every Filipino dreaming of financial security.) — VDV, GMA Integrated News
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