NextGen Day

The Bureau of the Treasury (BTr) will launch the first retail treasury bonds (RTBs) under the Marcos administration later this month.

National Treasurer Rosalia de Leon responded to a Viber message from the Philippine News Agency (PNA) on Thursday with, “Yes, but no details yet.

The BTr told the public that everyone could contribute to reviving the economy in a post on its Facebook page on Wednesday.

It urged people to wait for the announcement on August 23 and stated, “Ako, ikaw, at tayong lahat, ay mayroong maitutulong sa ating pagbangon muli (You and I, all of us, can contribute in our recovery)”.

Another message was published during the day alerting readers to an investment of at least PHP5,000.

The sum of PHP 5,000 is staggering. Iyong mga pangarap, mapapalapit ka na sa iyo, makakatulong pa ito sa pagbangon ng bansa! (Your PHP 5,000 is well spent! You will go closer to your goals, and it will even aid in the nation’s reconstruction),” it claimed, citing once more the announcement of specifics on August 23.

Earlier, Francisco Dakila Jr., Deputy Governor of the Bangko Sentral ng Pilipinas (BSP), emphasized investors’ preference for the shorter-dated securities the central bank is issuing.

Dakila attributed this in part to anticipations for both the “issuance of the Retail Treasury Bonds near the end of the month” and forecasts for a further increase in the BSP’s key rates.

RTBs are geared toward modest investors, with a PHP 5,000 minimum placement.

The BTr most recent RTB issuance raised PHP457.8 billion for a five-year tenor with a coupon rate of 4.875 percent in February.

Authorities stated that programs to aid in the epidemic economy’s recovery would be funded with the profits from the bond sale.

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