Retail Treasury Bonds Tranche 27 (“RTB 27”)

Low risk, fixed term investments issued by the Republic of the Philippines through the Bureau of the Treasury to help you invest in a better future.

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Overview

Retail Treasury Bonds or RTBs are medium to long-term debt instruments issued by the Republic of the Philippines through the Bureau of the Treasury which are primarily used to fund the Government’s projects and programs. RTBs are specifically structured to provide retail and individual investors with a safe and affordable investment outlet.
Key features of the RTBs:

  • Earns fixed interest rate over the term of the bond
  • Interest rate is based on prevailing market rates, determined during the auction date
  • Interest is paid quarterly during the term of the bond
  • Targeted at retail and individual investors

Objectives of the RTB:

  • To enhance the Republic’s capability to fund priority projects nationwide
  • To demonstrate the prudence and commitment of the Republic to diversify fundraising programs
  • To make government securities available to retail investors, especially individuals
  • To promote financial literacy among Filipinos
  • To develop the Philippine capital market via the provision of a prudent investment with higher yields than term deposits

For more information about Retail Treasury Bonds, visit the Bureau of the Treasury‘s website.

Terms of Offering

Issuer The Republic of the Philippines
Issuance Retail Treasury Bonds with Exchange Offer
Eligible Investors Individuals, Corporates, Cooperatives, Retirement Funds, Provident Funds
Minimum Issue Amount Php 30 Billion
Minimum Investment Php 5,000; In multiples of Php 5,000 thereafter
Tenor Five (5) Years
Interest Rate Benchmark Based on the [5 -Year] benchmark based on current market levels
Interest Rate 4.8750% p.a.
Interest Payment Quarterly, in arrears on the last day of each 3-month Interest Period
Taxation Subject to 20% Withholding Tax (excluding tax-exempt institutions)
Use of Proceeds RTB 27 will finance the government’s various expenditures, focused on the country’s response to the COVID-19 pandemic, infrastructure projects, and refinancing of existing debt.
Auction Date February 15, 2022
Public Offer February 15 to 28, 2022
Issue Date March 4, 2022

Note: The Issuer reserves the right to revise the timetable. You will be advised accordingly of any change in the timetable.

Exchange Offer

 

ISIN Series Interest Rate Maturity Exchange Ratio
PIBD2022C021 FXTN 20-02 15.0000% 14 March 2022 1.0000
PIBD0322G247 FXTN 03-24 4.7500% 04 July 2022 1.0000

Bondholders of the following securities (“Eligible Bonds”) are eligible for the Exchange Offer, which may be exchanged for the new RTB 27. On Issue Date, the face value of the Eligible Bond holdings will be exchanged for the face value of the RTB 27 based on the Exchange Ratio.

Why Invest in Retail Treasury Bonds?

Affordable

Minimum investment of Php5,000

Low-Risk Investment

Direct, unconditional and general obligations of the Republic

Relatively higher yield

Offers higher fixed quarterly interest income compared to other term deposit instruments

Convenient and accessible

Available nationwide via branches of selling agent banks

Negotiable and transferable

May be easily bought and sold via the secondary market through banks or brokers

For more Inquiries you may contact

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