By The Financial District
Sep 25, 20231 min
The government is launching a US dollar-denominated retail Treasury Bonds (RTB) on Tuesday, September 26, as announced by Finance Secretary Benjamin E. Diokno.
The Philippines' most recent US-denominated RTB offer was in 2021 when it successfully raised nearly $1.6 billion.
The Philippines' most recent US-denominated RTB offer was in 2021 when it successfully raised nearly $1.6 billion.
Diokno mentioned that there will be a two-week offering period for the RTBs, with a minimum investment requirement of just $200. He also pointed out that the government will cover the taxes, making it a tax-free investment opportunity.
He emphasized, "We may consider increasing the offer size if we see more interest from the public. Initially, it's set at $1 billion, but given the overwhelming demand, we may opt to increase it."
The government had previously stated its aim to raise $2 billion through the retail dollar bond offering.
Sharon P. Almanza, the Bureau of the Treasury Deputy Treasurer and Officer-in-Charge, mentioned that the dollar retail bonds will be available in either a five-year or ten-year tenor.