Land Bank of the Philippines is offering the 28th tranche of the retail treasury bonds, or RTB-28, of the Bureau of the Treasury from Aug. 23 to Sept. 2 to raise funds for the government and promote financial inclusion and literacy.
This is the government’s first offering under the administration of President Ferdinand Marcos Jr.
Finance Secretary Benjamin Diokno, National Treasurer Rosalia de Leon and LandBank president and chief executive Cecilia Borromeo led the virtual launch of the latest retail bond offer at the Ayuntamiento Building in Manila on Tuesday.
“This issuance serves as an important component of the national government’s fundraising efforts to finance our development programs aimed at building a sustainable, inclusive, and broad-based economy,” Diokno said.
“[T]hese relatively higher yielding government securities strengthen financial inclusion and encourage broader participation in the capital market,” Diokno said.