Skip to main content

BTr issues 2nd retail offshore dollar bonds

 


CEBU CITY, Cebu, October 3 (PIA) -- The Bureau of Treasury (BTr) has officially launched its second Retail Offshore Dolar Bonds 2 (RDB2), which are available to retail investors, individuals, and institutions who are looking for a higher-yielding investment and who want to diversify their investment portfolio.

The RDBs are US dollar-denominated medium- to long-term debt securities issued by the Philippine government through the BTr.

These are fixed-income securities that are part of the government's savings mobilization program.

To source additional funding to finance the priority projects and key various expenditures of the national government, the BTr issues government securities such as bonds where the public can safely invest their money by buying shares of these bonds.

The Retail Offshore Dollar Bond is one of the government securities or debt instruments that serve as another funding source for the national government.

During the RDB2 roadshow in Cebu held on Sept. 29, 2023, officials from the BTr promoted the latest RDB issuance by the government and urged the public to invest in the said government bond.

According to BTr, the public can invest in RDB2 for as low as USD$200 within the ten-day investing period from September 27 to October 6, with the issuance date set on October 11, 2023.

The RDB2 has the following terms of offering:

  • Maturity period – 5.5 years
  • Issue date – October 11, 2023
  • Maturity date – April 11, 2029
  • Fixed interest rate – 5.750% per annum
  • Frequency of Interest Payments – Quarterly, subject to final withholding tax for the account of the issuer
  • Minimum Investment – USD$200 and in multiples of USD$100 thereafter

BTr also announced that within the offer period, individuals, corporations, financial institutions, and other institutional investors can subscribe to RDB2 through the following channels:

  • Over-the-counter, through Selling Agent Banks nationwide
  • BTR's Online Ordering Facility (www.treasury.gov.ph)
  • Mobile app-based channels (OFBank, LBP Mobile Banking, and Bonds.PH)

The issuance of another Retail Offshore Dollar Bonds is also part of the government’s efforts to make government securities more accessible and affordable to retail investors and promote financial literacy and inclusion among Filipinos.

For more information on the RDB2 and the full list of accredited selling agents, investors may visit the website of the BTr website at www.treasury.gov.ph. (RGC/PIA7 Cebu)

Labels:

Comments

Post a Comment

Popular posts from this blog

POPCOM7 strengthens KATROPA implementation in CV LGUs

  (Center left) Board of Director KATROPA Danao City Federation, Juan Capuno Jr. and POPCOM KATROPA Focal Person, Roberto Yana (Center right) CEBU CITY, Cebu, March 1 (PIA) -- The Commission on Population and Development (POPCOM) Region 7 is strengthening the implementation of Kalalakin-an nga Tinud-anay sa ilang Responsibilidad og Obligasyon sa Pamilya (KATROPA) in the local government units (LGUs). During the Kapihan sa PIA, KATROPA Focal Person Roberto Yana disclosed that they aim to educate the male population of their responsibilities in the family, especially on their roles as son, husband, and father.  Members undergo a training of trainers to have a wholistic understanding of their roles and responsibilities in family planning. Yana explained that they accept members as young as 15 years old so they would be educated on community development, livelihood, and responsible parenthood.  In the same forum, Board of Director of the KATROPA Danao City Fede...
Post a Comment
Read more

EMB 7 creates composite team for water sampling

The Environmental Management Bureau (EMB) 7 of the Department of Environment Natural Resources Central Visayas on Tuesday, Dec. 28, has created a composite team for water sampling in the different parts of the region affected by Typhoon "Odette" (International name: Rai). The EMB 7 deployed two teams conducting ambient water sampling in the Northern Cebu (Liloan area, Consolacion, Mandaue and Mactan Coastal Area) and Southern Cebu (Cebu Port Area, Talisay, Naga and San Fernando). The bureau said the first two samples from Punta Engaño near Movenpick Hotel Mactan Island Cebu and Umapad, Mandaue City near the bridge and Petron) taken last Dec. 23 and 24 were brought to Ostrea Laboratory since the EMB laboratory cannot analyze due to no electricity. The office is still awaiting the result for these two samples which will be available by Wednesday, Dec 29.  It said the other samples taken on Tuesday will also be brought to Ostrea laboratory, an accredited laboratory of EMB 7. (ID...
Post a Comment
Read more

Dumaguete crime rate drops

  DUMAGUETE CITY, Negros Oriental, Nov. 10 (PIA) -- The Dumaguete City Police Station has reported that between October 1 to Nov. 7, only 70 crime incidents were recorded, a decrease by 21% compared to 91 incidents in the same period of last year. In a City Peace and Order Council meeting, Lt. Col. Ronoel Fungo disclosed that no homicide, murder, robbery, carnapping, rape and rape with homicide cases were reported in the same period.  The City Health Office also reported that of the total 905 surrenderees or people who use drugs (PWUDs) in 2017, around 334 or 37% have completed their assessment as of Nov. 7, 2023. With the absence of drug dependents and pushers in Poblacion 4, 5, and 7, these are considered drug-free barangays, while Poblacion 6 was declared drug-cleared.  The City Health Office also noted that the low or no response to assessment of PWUDs are due to change of address, unknown whereabouts, conflict in work schedule, and imprisonment.  Meanwhile, the ...
Post a Comment
Read more