The Bureau of the Treasury (BTr) said it has completed the sale of the 30th tranche of retail treasury bonds (RTB 30), the sale of which ran between February 13 and 23.
“The BTr raised a total of P584.86 billion through RTB 30, of which P212.72 billion was awarded at the rate-setting auction on February 13, 2024. During the nine-day offer period, an additional P372.14 billion orders came in, of which P128.69 billion was raised in new money and P243.45 billion through the switch program,” the Treasury said.
It was looking to raise at least P30 billion.
RTB 30 will be settled on February 28, and will mature on February 28, 2029, five years after the issue date.
The RTB 30 was made available for as low as P5,000 through the traditional over-the-counter placement in bank branches, as well as digital channels such as the BTr Online Ordering Facility, Bonds.PH mobile app, Overseas Filipino Bank mobile banking app and the Landbank mobile banking app.
Proceeds from the RTB 30 issuance will be used to fund the government’s various programs under the agriculture, infrastructure, education and healthcare sectors, among others.
Development Bank of the Philippines and Land Bank of the Philippines were the joint lead issue managers, while BDO Capital & Investment Corp., BPI Capital Corp., China Bank Capital Corp., First Metro Investment Corp., PNB Capital and Investment Corp., and Union Bank of the Philippines were the joint issue managers for RTB 30.
