MANILA, Philippines—Domestic borrowing by the government continues with the sale starting on Feb. 9 by the Bureau of Treasury of at least P30 billion worth of retail treasury bonds (RTBs) with a three-year tenor to small investors.
The RTB sale would be on top of swapping maturing debt papers.
The notice of offering, posted on the Treasury website on Friday (Feb. 5), said the offer period for the Philippine government’s 25th overall and the Duterte administration’s eighth RTB issuance since 2016 will be until March 4.
The RTBs maturing in 2024 will be sold in multiples of P5,000.
Besides selling to new investors, the Treasury will als…
Keep on reading: 3-year retail treasury bond for sale starting Feb. 9