The Bureau of the Treasury (BTr) has raised an initial P162.18 billion during the price-setting auction of the 5.5-year retail treasury bonds (RTBs) yesterday.
The demand for the retail IOUs reached P196.11 billion, more than six times the minimum principal amount of P30 billion.
The coupon rate for the RTBs is 6.125 percent, 28.6 basis points (bps) higher than the 5.839 percent Bloomberg Valuation Service reference rate for the five-year tenor in the previous day. In comparison to the six-year tenor, the rate is also 21.2 bps higher than the secondary market rate of 5.913 percent.
RTBs are sold in minimum denominations of P5,000 and integral multiples thereof.
The government is also inviting specific bond holders to exchange their eligible holdings maturing in March, April and May this year for the new RTBs.
The public offer period will run until February 17, or may end at an earlier date as determined by BTr.
The RTBs’ issue date will be on February 22.
Selling agents of the 5.5-year RTBs are Asia United Bank, Banco de Oro Unibank Inc., BDO Capital and Investment Corp., BPI Capital Corp., China Banking Corp., Citibank, Development Bank of the Philippines, East West Banking Corp., First Metro Investment Corp., ING Bank, Land Bank of the Philippines, Maybank Philippines, Metropolitan Bank & Trust Co., Philippine Bank of Communications, Philippine National Bank, Rizal Commercial Banking Corp., Robinsons Bank Corp., Security Bank Corp., Standard Chartered Bank, The Hongkong and Shanghai Banking Corp. and Union Bank of the Philippines.
Orders can also be placed via the Bonds.PH app, the Overseas Filipino Bank Mobile Banking app, Land Bank Mobile Banking app and the treasury’s Online Ordering Facility. – Angela Celis
