The Land Bank of the Philippines (LANDBANK) has made investing in the Bureau of
the Treasury’s (BTr) Retail Onshore Dollar Bonds 2 (RDB 2) more accessible and
convenient through a menu of available investment channels for investors here and
abroad.
“We are inviting all our investors, especially those with regular dollar flows or those
with existing dollar savings, to diversify across currencies by participating in RDB 2.
You are not only securing your financial future, but also contributing to our nation's
more prosperous tomorrow,” said LANDBANK President and CEO Lynette V. Ortiz
during the RDB 2 launch on 27 September 2023.
The RDBs are US dollar-denominated bonds with a coupon rate of 5.75% per annum
and a tenor of 5.5 years, maturing on 11 April 2029. The public offer period for RDB 2
will run until 06 October 2023, subject to the discretion of the BTr, with the issue date
scheduled on 11 October.
The investment instrument allows investors to mobilize and grow their savings while
helping fund the National Government’s priority socioeconomic programs and
initiatives.
The investing public may purchase the RDB 2 with a minimum investment of US$200
and increments of US$100 thereafter using either US dollar or Philippine peso
accounts through LANDBANK’s investment channels. For investments made via peso
accounts, LANDBANK will facilitate the currency conversions based on the prevailing
market rate.
Investing in RDB 2 can be completed in as fast as five minutes through the LANDBANK
Mobile Banking App (MBA). 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—making RDB 2 subscription accessible to
overseas Filipinos from over 100 countries and territories.
Investors of RDB 2 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.
LANDBANK serves as one of the Joint Lead Issue Managers for the RDB 2 issuance, in
line with its collective efforts to promote greater financial inclusion and support the
National Government’s development agenda.
