The Bureau of the Treasury (BTr) raised an initial P192.7 billion during the five-year retail treasury bonds’ (RTB) price-setting auction yesterday.
The RTBs fetched strong market demand as tenders totaled to P278.6 billion, nearly 10 times the P30 billion minimum principal amount.
The coupon fell to 2.625 percent, 362.5 basis points below the 6.25 rate posted by the RTBs with the same tenor issued in February last year.
“There is already good pick up with 2.625 coupon and results in real positive yield,” Rosalia de Leon, national treasurer, told reporters via Viber after the auction.
“Online ordering platform and mobile app will allow us to reach far and wide small investors
in this environment of safe distancing and quarantines,” she added.
The RTBs can be purchased for the first time via a mobile app, called Bonds.PH.
Payments can be coursed through InstaPay, PESONet, GCash or PayMaya.
The 2025 bonds are offered from July 16 to August 7, with the settlement on August 12.
The RTBs will be sold in minimum denominations of P5,000 and integral multiples thereof.
The BTr also offered to certain bond holders to submit offers to exchange their eligible bond holdings for the new RTBs due 2025.
“No targets for new money and swap as in previous RTBs,” de Leon said.
