Embassy invites Philippine community on virtual launching of retail treasury bond – The Peninsula

Embassy invites Philippine community on virtual launching of retail treasury bond – The Peninsula

Doha: The Philippine Embassy is inviting the community members in Qatar to join on the launching of the Bureau of Treasury’s (BTr) RTB 27 on February 25.

On its Facebook page, it said that the event will begin at 10am via Zoom. The link can be accessed through its page.

RTB or Retail Treasury Bonds is part of the Philippine government’s programme to make government securities available to retail investors, especially individuals. Among the key features include: earns a fixed interest rate over the term of the bond; interest rate is based on prevailing market rates, determined during auction date; interest is paid quarterly over the term of the bond; and targeted at retail and individual investors.

Public offering will be until February 28 this year. An individual can earn up to 4.875 percent annual interest rate with minimum placement of only Php5,000 or approximately QR350.The maturity date is five years from issue date or on March 4, 2027. Interest payments will be quarterly with subject to 20 percent final withholding tax except for tax-exempt institutions.

Throughout the offer period which started on February 15, individuals, corporations, financial institutions, and other institutional investors can purchase RTBs through the Bureau of the Treasury’s Online Ordering