The Land Bank of the Philippines (LANDBANK) is offering to the investing public the
Bureau of the Treasury’s (BTr) 28 th Tranche of the Retail Treasury Bonds or RTB-28
with Exchange Offer, starting today (23 August 2022) until 02 September 2022.
This forms part of the state-run Bank’s support to the National Government’s thrust
of promoting financial inclusion and literacy, while boosting the state’s coffers for
various recovery and development projects.
Finance Secretary Benjamin E. Diokno, Treasurer of the Philippines Rosalia V. De
Leon, and LANDBANK President and CEO Cecilia C. Borromeo led the launch of the
latest retail bond offer at the BTr’s Ayuntamiento Building in Manila, with the theme,
“Tulong-Sulong sa Pagbangon.”
“LANDBANK is once again proud to be the Joint Lead Issue Manager of this latest
offering, which reflects the National Government’s continuous thrust in fostering
financial inclusivity. It offers Filipinos a safe and secure opportunity to invest hard-
earned money, while taking part in nation-building,” said President and CEO
Borromeo.
The RTB-28 is a five-and-a-half-year bond designed for retail investors as a low-risk
and higher-yielding savings instrument. Proceeds of the issuance will help
strengthen the country’s agriculture sector, infrastructure, and education and
healthcare systems, among others.
Interested investors may conveniently purchase RTB-28 for a minimum investment
of P5,000 and integral multiples of P5,000 thereafter using the LANDBANK Mobile
Banking App, in as fast as five minutes or less. 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 RTB-28 can also make online placements through the BTr Online
Ordering Facility and settle the payments via the LANDBANK Link.BizPortal online
payment platform. Over-the-counter placements are likewise accepted in all
LANDBANK branches nationwide.
Holders of previously issued bonds, namely FXTN 10-57, RTB 5-11, FXTN 10-58, and
RTB 3-10, may also exchange and reinvest their bond holdings for the latest bond
offer.
LANDBANK is the Joint Lead issue Manager of RTB-28, with settlement scheduled on
07 September 2022. Interest payments will be paid quarterly during the term of the
bond.
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.
Last February 2022, LANDBANK generated a total of P87.8 billion in sales for the
previous Retail Treasury Bonds Tranche 27 or RTB-27 issuance.
Through the years, LANDBANK has grown into one of the leading universal banks in
the country, while remaining faithful to its social mandate to promote inclusive and
sustainable development.
On 8 August 2022, the state-run Bank celebrated its 59th anniversary, representing
almost six decades of service to the nation.
