The Land Bank of the Philippines (LANDBANK) is providing Filipinos with safe and
convenient options to invest their hard-earned money in the Retail Treasury Bonds
Tranche 29 (RTB-29) with Bond Exchange. This is being offered by the National
Government through the Bureau of the Treasury (BTr).
Launched on 07 February 2023 with the theme, “Sama-sama sa Bagong Pag-asa,”
the RTB-29 is a five-and-a-half-year bond with a coupon rate of 6.125% per annum.
Proceeds of this safe and high-yielding investment instrument will help fund the
country’s development plans for agriculture, infrastructure, education, and
healthcare systems, among others.
“We expect RTB-29 to be well-received by the market given the higher interest
rates. The more retail investors participate in RTBs, the faster we are to advancing
the country’s development agenda where no one is left behind,” said LANDBANK
President and CEO Cecilia Cayosa Borromeo.
Interested investors may conveniently purchase the RTB-29 with a minimum
investment of P5,000 and integral multiples thereof, via the LANDBANK Mobile
Banking App. This feature is also available in the Mobile Banking App of the
Overseas Filipino Bank (OFBank), the official digital bank of the Philippine
government and a subsidiary of LANDBANK.
Investors of the RTB-29 can also make online placements through the BTr Online
Ordering Facility and settle the payments via LANDBANK’s Link.BizPortal, free of
charge. Over-the-counter placements are accepted in all LANDBANK branches
nationwide.
Holders of previously issued bonds, namely FXTN 5-75, 7-58, and 20-5, may also
exchange and reinvest their bond holdings for the latest bond offer.
The public offer period for RTB-29 is ongoing until 17 February 2023, with issue date
on 22 February. The maturity date is on 22 August 2028.
LANDBANK is the Joint Lead Issue Manager for the RTB-29. It is part of its continued
support for greater financial inclusion and boosting public resources to fund various
recovery and development programs.
