The Bureau of the Treasury (BTr) has made retail treasury bonds (RTBs) more accessible for Filipinos through a new feature on the GCash app, allowing investors to purchase government securities using an e-wallet.
The “GBonds” feature enables fully verified GCash users to place a buy order for the government’s 31st RTB issuance from Aug. 5 to 15. The minimum investment is P5,000, with no extra fees.
National Treasurer Sharon Almanza said the collaboration “significantly expands our reach, enabling more Filipinos to invest in government securities easily and securely.”
“It’s a monumental step toward our goal of a more financially inclusive Philippines, giving more people the opportunity to build their savings and contribute to the nation’s economic growth,” she said.
The government raised P210 billion in its rate-setting auction on Tuesday, surpassing the initial offer size of P30 billion for the five-year RTBs. This resulted in a 6-percent coupon rate, or annual interest rate, for the bonds.
Martha Sazon, president and chief executive of GCash parent Mynt, said making RTBs more accessible to millions of Filipinos also allows retail investors to “contribute to the P2.6 trillion borrowing program of the government to fund essential projects.”
