The Bureau of Treasury on Friday announced it will issue the first retail treasury bonds this year under the administration of President Rodrigo Duterte with a tenor of 10-year and a minimum issue size of P30 billion.
The bond issuance is the first for 2016 since the P30-billion RTBs sold three years ago.
The BTr posted a notice of offering on its web site Friday, reminding all government securities and eligible dealers about the auction of fixed rate RTBs maturing on September 2026 on September 6 this year.
The bonds will be offered from September 6 to September 16, 2016, but the end of the public offer period can be moved to an earlier date, as determined by the Bureau of Treasury.
The government is offering the bonds in scripless form in minimum denominations of P5,000. The RTBs will then be issued on Sept 20, 2016.