Treasury issuing retail bonds worth P121.8-billion
The Bureau of the Treasury will issue P121.8 billion worth of three-year retail treasury bonds following the successful offering period from May 30 to June 8, 2018.
The Treasury said in a statement Monday the first offering of RTBs for 2018 was met with strong demand from the investing public, with the total issue size over four times higher from the initial planned issuance of P30 billion.
It awarded P66 billion during the auction set on 30 May and an additional P55.8 billion was raised during the public offering period from May 30 to June 8. The BTr conducted roadshows in key cities nationwide to inform interested investors on the terms and benefits of the investment product.
“As with the past issuances of RTBs, we are glad to have generated strong and continued support from the general investing public,” National Treasurer Rosalia de Leon said.