July 21, 2024

Bulk of the holders of the initial premyo bonds are first-time government securities investors, making authorities optimistic for the success of the second issuance.

“We plan to sustain the interest of our investors by making this premyo bond bigger and better and with a purpose,” National Treasurer Rosalia de Leon said in her speech during the launch of Premyo bonds 2 aired over the Bureau of the Treasury’s (BTr) Facebook page. 

She said about 77.6 percent of the P4.96 billion subscription of the premyo bonds offered in November 2019 was accounted for by newly created accounts in the National Registry of Scripless Securities.

The one-year paper is offered until Dec. 11 for minimum placement of P500 and maximum of P10 million with an interest rate of 1.25 percent. 

Interested individuals, cooperatives, retirement funds, provident funds, and mutual benefit associations may place their investment through the Land Bank of the Philippines, Development Bank of the Philippines, China Bank Capital, BDO, PNB Capital, First Metro Investment Corporation, and Union Bank of the Philippines.

For online options, investors may tap the BTr website, the digital-only Overseas Filipino Bank, which can be accessed through its mobile app; and the Bonds.PH mobile app.

Holders of the debt securities have a chance to win over P1 million and two Toyota Innova during the quarterly draw.

Initial offering has been set at P3B, but de Leon earlier indicated optimism of hitting at least the level of issuance last year. – PNA