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March 05, 2024

Recto asks Filipinos to invest in RTB 30 for secure future

Finance Secretary Ralph Recto asked Filipinos to invest in the Bureau of the Treasury’s (BTr) 30th tranche of Retail Treasury Bonds (RTB 30), which promotes cheap investment opportunities for small savers to secure their future.

“The RTB 30 is more than just a financial contract but a commitment to shared prosperity. It will help drive the government’s socioeconomic agenda forward and empower ordinary Filipinos to chart their path to financial freedom for a more secure future,” Recto said in his keynote speech during the launching of the RTB 30 at the Ayuntamiento de Manila.

RTBs encourage ordinary Filipinos to start investing in safe and stable sources of passive income while helping the government raise funds to finance its priority projects nationwide.

Recto said the RTB 30’s theme “Kaagapay Mo Sa Buhay” encapsulates the deep partnership between the government and people through RTB investments.

RTBs, with a minimum investment of P5,000, =are accessible and virtually risk-free instruments that are guaranteed by the entire financial capacity of the Philippine government.

“We should instill in our people a mindset that embraces and normalizes a culture of saving and investing, all while actively participating in the nation’s development,” Recto said.

The RTB 30, in particular, is a 5-year tenor investment with a gross interest rate of 6.250 percent per annum, payable every quarter until its maturity in 2029.

The RTB 30 also offers an exchange program, which provides a convenient way for investors to re-invest their funds and mitigate reinvestment risk upon maturity of the eligible bonds.

Eligible participants for the exchange are existing holders of RTB 22 and 25.

The public offering will begin on Feb. 13, 2024 until Feb. 23, 2024 and will be settled on Feb. 28, 2024.

All Filipinos, both here and abroad, can avail of RTBs to help improve their lives and the state of the country. “RTBs are just a few swipes away, making investing as easy as ordering our favorite food delivery,” Recto said.

Aside from over-the-counter transactions, RTBs can be purchased via the BTr’s Online Ordering Facility for investors who are clients of the China Banking Corp., Development Bank of the Philippines (DBP), Land Bank of the Philippines and First Metro Securities.

The RTBs are also accessible via mobile banking through LandBank, OFBank and Bonds.PH applications.

LandBank and DBP are the joint lead issue managers for the RTB 30 offering with BDO Capital and Investment Corp., BPI Capital Corp., Chinabank Capital Corp., First Metro Investment Corp., PNB Capital and Union Bank of the Philippines as joint issue managers.

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