July 22, 2024

Instead of putting in their money in firms that offer too-good-to-be-true investment returns, the Bureau of Treasury is encouraging the public to invest in the new tranche of retail treasury bonds (RTB) that it is offering this year.
The Bureau of Treasury launched in Baguio last week the 23rd tranche of RTB or RTB 2020, which encourages individuals to put in their money in government investment scheme to enjoy guaranteed and low- risk investments.
Treasurer of the Philippines Rosalia de Leon said RTB 23 is being offered to individual investors to give them the opportunity to invest in safe and secured schemes, aside from helping the government finance priority projects, which include infrastructure and social services, such as the Universal Health Care and educational programs.
With a minimum investment of P5,000, individual investors enjoy an interest rate of 4.375 per year. The 23rd RTB tranche was launched nationwide on Jan. 28.
De Leon led other officials of the Bureau of Treasury during the information caravan in Baguio City on Jan. 29.
Those interested to invest have until Feb. 6 to formalize their participation in the RTB 23. They can proceed to government banks – Land Bank of the Philippines and Development Bank of the Philippines and private participating banks such as Banco De Oro, Bank of the Philippine Islands, Chinabank, Metrobank, Philippine National Bank, Rizal Commercial Banking Corporation, or Security Bank.
Investments under RTB 23 will mature in three years.
De Leon said the government launched the RTB 23 because it was inspired by the public’s response to the Premyo bonds it launched in November last year that raised P4.5 billion from its P3B target.
She said 1,700 new accounts were during the Premyo bonds, an investment scheme that gives the investors the chance to win up to P1 million in the grand draw, aside from the chance to win house and lot and other prizes in the quarterly raffle draws.
De Leon the government is hoping that RTB 23 will also be a blockbuster like the Premyo bonds. – Jane B. Cadalig