The Philippines’ 30th tranche of retail treasury bonds (RTB 30) raised a massive P584.9 billion, facilitated by BDO Unibank Inc.
The successful offering will fund critical government projects in agriculture, infrastructure, education and healthcare.
The RTB 30 offering ran from Feb. 13 to 23, 2024, with a maturity date set for Feb. 28, 2029.
BDO Unibank Inc. (BDO), serving as joint issue manager, made the RTB 30 accessible to investors through convenient over-the-counter placements in its branches.
It said that with a minimum investment of P5,000, investors could enjoy higher returns compared to traditional savings or time deposits.
RTB 30 offers a lucrative five-year tenor investment boasting a gross interest rate of 6.25 percent per annum, disbursed quarterly until its 2029 maturity.
BDO and its investment banking arm BDO Capital & Investment Corp. facilitated the sale of RTBs since its inception in 2001.
BDO Capital president Eduardo Francisco said the bank is committed to helping the government and corporations in capital-raising endeavors.
“For over two decades, we have steadfastly supported our corporate clients in issuing bonds and raising funds through the lending market, while also democratizing investing, particularly for first-time investors. The benefits of the RTB extend beyond investors; it stands to benefit every Filipino as the bond proceeds contribute to funding essential national projects,” said Francisco.
RTB 30 presented a prime opportunity for small investors to incrementally grow their wealth through an affordable, secure and accessible investment avenue, simultaneously contributing to the nation’s development by bolstering funding for crucial government projects.