Doha: The Philippine Embassy is inviting the community members in Qatar to join on the launching of the Bureau of Treasury’s (BTr) RTB 27 on February 25.
On its Facebook page, it said that the event will begin at 10am via Zoom. The link can be accessed through its page.
RTB or Retail Treasury Bonds is part of the Philippine government’s programme to make government securities available to retail investors, especially individuals. Among the key features include: earns a fixed interest rate over the term of the bond; interest rate is based on prevailing market rates, determined during auction date; interest is paid quarterly over the term of the bond; and targeted at retail and individual investors.
Public offering will be until February 28 this year. An individual can earn up to 4.875 percent annual interest rate with minimum placement of only Php5,000 or approximately QR350.The maturity date is five years from issue date or on March 4, 2027. Interest payments will be quarterly with subject to 20 percent final withholding tax except for tax-exempt institutions.
Throughout the offer period which started on February 15, individuals, corporations, financial institutions, and other institutional investors can purchase RTBs through the Bureau of the Treasury’s Online Ordering Facility (www.treasury.gov.ph), Bonds.PH, Mobile Application, Overseas Filipino Bank (OFBank) Mobile Banking Application, Landbank of the Philippines (LBP) Mobile Banking Application or over-the-counter through any of the selling agents. All mobile applications are downloadable for free via Google Play and App Store.
RTBs are low-risk investment instruments. They are direct, unconditional and general obligations of the Republic of the Philippines. Also among its benefits include: offers higher yields than term deposit instruments, provides frequent cash flows via quarterly interest payments over the life of the bond, accessible via online channels and via the branches of the Selling Agent banks nationwide, may be bought and sold via an active secondary market through banks or brokers, and provides a way to directly contribute to nation-building.
They are medium- to long-term debt securities issued by the Philippine government through the BTr. The RTBs are part of the government’s savings mobilisation program designed to make government securities available to retail investors. RTBs are fixed-income securities that pay a fixed interest rate per annum over a specified period of time with a promise to return the principal at the end of the term.
