Treasurer of the Philippines Rosalia De Leon led other partners in “RTB 2020, Kasama Mo sa Pag-asenso” information caravan at Baguio Country Club here Wednesday (January 29) to promote this investment scheme.
The 23rd tranche of RTB offering runs from January 28 to February 6, 2020. Investment starts with a minimum of P5,000 and in denomination of P5,000 thereafter, wherein maturity rate is at three years and with interest rate of 4.375 percent per annum, De Leon said.
The retail treasury bonds, she explained, is a regular government program that aims to promote a culture of savings and investment among Filipinos. At the same time, treasury bond investors have the opportunity in helping the national government fund priority socio – economic development programs such as the Universal Health Care and key infrastructure projects that are important for bringing in progress to rural communities nationwide.
Investing in RTBs is safe secure and backed by the national government or issued under the name of the Republic of the Philippines, De Leon added.
For RTB 2020, corporate, individual, cooperatives, retirement funds and provident funds can invest through the BTr partner banks namely the Land Bank of the Philippines, Development Bank of the Philippines, Chinabank, First Metro Investment Corporation (Metrobank group), PNB Capital, RCBC Capital Corporation and Security Bank Capital.
It is also being offered online by LBP, DBP and the Metrobank Group to investors that have accounts with them.
De Leon disclosed that through the online offering, the BTr is now reaching Filipinos across the globe. Even in the comfort of their homes, people are now able to invest which is why BTR is encouraging their other partner banks to also open online portal.
Last November 2019, BTr offered Premyo Bonds Para sa Bayan for small investors .Aside from the opportunity to invest with a minimum of P500, Premyo bonds investors also have a chance to win up to P1 million and other non – monetary prizes in a quarterly raffle starting this March 2020.
De Leon shared that in the said Premyo bonds offering that raised P4.9 billion, 87 percent came from individuals which translates to around 1,700 unbanked Filipinos who opened an account to invest.
For more information on RTB 2020, you can visit www.treasury.gov.ph. (JDP/CCD-PIA CAR)
By Carlito C. Dar