MANILA -- The Bureau of the Treasury (BTr) awarded P134 billion worth of retail treasury bonds (RTBs) with a coupon rate of 4.375 percent in an auction last January 28.
The auction was nearly five times oversubscribed, prompting the committee to raise the acceptance from the initial offering of P30 billion.
This is the 23rd issuance of RTBs by the Philippine government and the first for 2020. These RTBs will have a three-year tenor and will be offered to the general investing public for minimum denominations of P5,000 from January 28 to February 6, 2020.
The Development Bank of the Philippines and Land Bank of the Philippines are the Joint Lead Issue Managers for the 23rd RTB offering. They are joined by BDO Capital and Investment Corporation, BPI Capital Corporation, China Bank Capital Corporation, First Metro Investment Corporation, PNB Capital and Investment Corporation, RCBC Capital Corporation, and SB Capital Investment Corporation as Joint Issue Managers.
The BTr will be holding roadshows on the issuance of RTBs in key cities throughout the Philippines including at Quest Plus Conference Center, 2050 Mimosa Drive, Clark Freeport, Pampanga on January 30 at 4:00 p.m. (PR)