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Retail bonds raise P360B

With the digital platforms that we have introduced in the past years, we have also seen how more Filipinos are getting into the habit of investing their hard-earned money to secure the future

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The Bureau of Treasury (BTr) managed to raise a total of P360 billion from its 5.5-year Retail Treasury Bond issue or RTB.

Bulk or P330.5 billion came from new money placements while bond exchange offers accounted for the remaining P29.5 billion.

National Treasurer Rosalia de Leon expressed her satisfaction with the RTB outcome as such reflects the market’s health amid the pandemic.

“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,” De Leon said.

“With the digital platforms that we have introduced in the past years, we have also seen how 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,” she added.

According to her, the BTr will continue to introduce new products and channels in the future to allow retail investors to diversify portfolios and reduce friction costs.

The two-week offer period, which started on 16 November 2021 and concluded on 19 November 2021, included financial literacy sessions for overseas Filipinos — conducted in over 50 cities and countries around the world.

Still, the BTr said auction proceeds will be used to beef up the country’s response to challenges posed by the pandemic and support its programs for economic resiliency and recovery.

Strong demand
In a related development, the BTr was able to raise its full P10 billion offer for its Treasury bills (T-bills), following strong market demand and steady rates across all tenors.

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