The Land Bank of the Philippines (LANDBANK) is inviting the investing public to participate in the Bureau of the Treasury’s (BTr) 25th Tranche of the Retail Treasury Bonds or RTB-25 with Exchange Offer to help the National Government raise funds for its COVID-19 response and recovery efforts.
The latest retail bond offer with the theme, “Kasama mo sa Kinabukasan,” was launched today, February 9, through a virtual Qualified Institutional Buyers Investor’s Briefing streamed live via BTr’s Facebook page and shared on LANDBANK’s social media channels.
The three-year RTB-25 will be offered in minimum denominations of P5,000 and integral multiples thereof until March 4, 2021, with settlement scheduled on March 9.
“With the last two RTB issuances setting record subscriptions to date, we look forward to an even stronger reception for RTB-25 from the investing public. Aside from earning interest every quarter, investing in RTBs contribute to advancing the Government’s COVID-19 response and economic recovery plan,” said LANDBANK President and CEO Cecilia C. Borromeo.
Interested investors may purchase the RTB-25 via over-the-counter placements at all LANDBANK branches. Investors can also make placements through the RTB Online Ordering System at the BTr’s website and settle the payment via LANDBANK’s e-payment facility, Link.BizPortal, free of charge.
Overseas Filipinos may also use the mobile banking application of the Overseas Filipino Bank (OFBank) – LANDBANK’s digital-only branchless bank subsidiary – to avail of the RTB-25 through the App’s bond purchase feature.
Through the OFBank Mobile Banking App, investors can make multiple placements for RTB-25 of up to P500,000.00 per transaction.
In addition to the new RTBs, the BTr is also allowing holders of previously issued bonds to exchange and reinvest their bond holdings for the RTB-25.
P35-B raised for RTB-24
LANDBANK raised a total of P35.53 billion in sales for the Retail Treasury Bonds Tranche 24 or RTB-24 issued last July 2020. Majority of the sales were transacted over the counter, with P25.27 billion and P10.25 billion generated during the public offer period and rate-setting auction, respectively.
The remaining P8.9 million in sales were generated online through LANDBANK’s Link.BizPortal via the BTr’s Online Ordering Facility.
The National Government through the BTr has been issuing RTBs since 2001 as part of its efforts to support financial inclusion and literacy among Filipinos by making government securities more accessible to small investors.
The RTBs are generally considered low-risk investment instruments, allowing investors to earn a fixed interest based on prevailing market rates that are paid quarterly during the term of the bond.
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