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MANILA, Philippines – In 2021, retail Treasury Bond (RTB) offerings accounted for 35.2 percent of the government’s outstanding debt securities, helping the government raise funds for pandemic response programs while also achieving President Rodrigo Duterte’s goal of increasing financial literacy and inclusion among Filipinos.

The issuance of RTB-25 and RTB-26 raised a total of PHP463.3 billion and PHP360 billion, respectively, according to the Bureau of the Treasury (BTr).

In addition to RTBs, National Treasurer Rosalia de Leon stated that the BTr successfully issued the government’s first-ever Retail Dollar Bonds (RDBs) in October 2021, raising US$1.6 billion from tenors of five and ten years.

To reach small retail investors, de Leon said the BTr used digital platforms such as its online ordering platform, which is currently available for account holders of Land Bank of the Philippines (LandBank), Development Bank of the Philippines (DBP), First Metro Securities Brokerage Corp. (FMSBC), and China Banking Corp. (ChinaBank); and the Bonds.Ph mobile app and the Overseas Filipino Bank (OFBank) app.

She claimed that overseas Filipinos (OFs) in 70 countries might use these platforms to invest in RTBs, RDBs, and Premyo bonds.

“To provide financial literacy workshops for overseas Filipinos, the BTr collaborated with our foreign service installations. “We’ve reached out to a lot more Filipinos, including those in East Africa and South America,” said de Leon.

The BTr has also authorized the online filing of RTB orders, as well as the online purchase of government securities, as part of its financial inclusion initiatives, which has helped small investors.

Furthermore, Government Securities Eligible Dealers (GSEDs) can now use the National Registry of Scripless Securities to submit their retail bond swap orders directly (NRoSS).

Previously, GSEDs were needed to fax or send documentary requirements, which the Securities Origination Division would manually enter into the NRoSS.

Last year, the BTr created its own mobile app to act as a digital information hub for the bureau and its issuances, according to De Leon.

“Available information regarding the BTr and its functions, as well as facts on the most recent retail bond sales, were offered to potential investors.” “The app also directs users to the many investment channels that are available,” added de Leon.

The BTr is also nearing completion on the Financial Literacy (FiLi) app, which aims to increase financial literacy and investor education among Filipinos.

The web-based tool will allow retail investors to determine their risk appetite, recommend a portfolio based on that appetite, and run simulations of potential returns depending on the recommended portfolio.

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