DBP urges investors to take part in RTB32

State-run Development Bank of the Philippines (DBP) is urging investors to take part in the latest Retail Treasury Bond (RTB) offering after RTB32 drew strong demand at auction, with the public offer set to end on 7 October.

The Bureau of the Treasury (BTr) received P188.64 billion in tenders for RTB32, or 6.29 times the initial P30-billion offering. The BTr accepted P84.87 billion worth of RTB32 subscriptions at the auction.

Fixed returns over a short 2.5-year maturity

DBP president and chief executive Officer Michael de Jesus said RTB32 offers individual investors a fixed return over a relatively short 2.5-year maturity. The bonds carry a 6.875-percent gross annual interest rate and require a minimum investment of P5,000.

“This latest issuance of RTB32 offers a viable opportunity for Filipinos to access an affordable and low-risk investment, while also enjoying higher interest rates over a shorter period,” he said.

Launched on 29 September, the public offer runs until 7 October, with issuance and settlement scheduled for 12 October 2026. The bonds will mature on 12 April 2029.

25th anniversary of the retail bond program

DBP is among the Joint Lead Issue Managers for the latest RTB issuance, which forms part of the BTr’s 25th anniversary of the retail bond program.

The Treasury will also conduct a Switch Program that will allow holders of eligible bonds to exchange their existing holdings for RTB32 and receive accrued interest up to the issuance date.

Investors can purchase RTB32 through any of DBP’s 153 branches nationwide. De Jesus said the RTB program would allow more Filipinos to participate in the financial system while supporting the government’s financing requirements.