State-run Land Bank of the Philippines (LandBank) is inviting Filipinos to participate in the Bureau of the Treasury’s (BTr) latest retail treasury bonds offering to save more money, while also helping the national government raise funds for the country’s development projects.
Interested investors may purchase the BTr’s Retail Treasury Bonds Tranche 30 (RTB-30) with a minimum investment of P5,000, offering an annual fixed interest rate of 6.25 percent within a five-year term.
The proceeds from the issuance will be channeled towards enhancing the country’s infrastructure, strengthening the agriculture and other essential sectors, and improving the healthcare system, among other national development priorities.
“The BTr’s RTB-30 not only offers investors higher financial returns but also the opportunity to take part in nation-building. Participating is especially more convenient and easier, now that there are various channels to invest in government bonds,” said LandBank president and chief executive Lynette Ortiz.
LandBank serves as one of the joint lead issue managers of RTB-30, which has the theme, “Kaagapay Mo Sa Buhay.”
The offer period will end on Feb. 23, 2024 or earlier as determined by the BTr, and the issue date is scheduled on Feb. 28, 2024. Interest payments will be paid quarterly during the term of the bond.
LandBank said investing in BTr’s RTB-30 has been made more convenient and easier for interested investors in the country and abroad through its various investment channels.
LandBank account holders can make online placements for RTB-30 in as fast as five minutes through the LandBank Mobile Banking App.
This feature is also available via the Mobile Banking App of the Overseas Filipino Bank (OFBank)—the official digital bank of the Philippine government and a subsidiary of LandBank—allowing Filipinos from 130 countries to conveniently invest in the bond offer.
Interested investors can also make online placements through the BTr Online Ordering Facility and settle the payments via the LandBank Link.BizPortal online payment platform.
Over-the-counter placements are likewise accepted in all LandBak branches nationwide.
Holders of previously issued bonds, namely RTB 03-11 and RTB 05-12, may also exchange and reinvest their bond holdings for the latest bond offer via over-the-counter transactions.
LandBank s the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos.
It is committed to supporting the national government’s fundraising initiatives to boost public resources for the country’s development plans and programs.