The Bureau of the Treasury (BTr) has raised P360 billion from its recently concluded retail treasury bond (RTB) offering.
The BTr said in a statement yesterday a total of P330.5 billion and P29.5 billion were raised in new money and through the bond exchange, respectively, of which P113.5 billion was raised in the price-setting auction last November 16, and an additional P217 billion throughout the offer period.
The 5.5-year RTB is set to be settled on Dec. 2, 2021.
“The healthy macroeconomic environment, characterized by sufficient domestic market liquidity and downward trend in inflation supported our third retail issuance, or the second peso-denominated jumbo offering for the year,” Rosalia De Leon, national treasurer, said.
The RTB was made available for as low as P5,000 through the traditional over-the-counter placement in bank branches, as well as digital channels such as the BTr’s RTB Online Ordering Facility, Bonds.PH mobile application, Overseas Filipino Bank Mobile Banking Application and the Landbank Mobile Banking Application.
“With the digital platforms that we have introduced in the past years, we have also seen how more and more Filipinos are getting into the habit of investing their hard-earned money to secure the future not only of themselves, but also of their loved ones,” de Leon said.
“As such, we at the BTr will continue to introduce new products and channels in the future to allow our individual investors to diversify their personal portfolios, as well as reduce the friction costs and barriers to investing,” she added.
The BTr said proceeds from the issuance will help the country respond to the challenges posed by the pandemic and will support various programs for economic resiliency and recovery.
Meanwhile, the BTr also fully awarded bids for the treasury bills auctioned yesterday.
Tenders reached P37.7 billion, more than four times oversubscribed, with the auction committee raising the full program of P10 billion.
Rates were all lower than secondary market benchmark.
“Saw strong demand on today’s T-bill offering following reduced volume for December auctions. Rates hardly moved even after start of Fed taper and expectations of rates heading north,” de Leon said.
