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)

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