The Bureau of the Treasury raised a bigger amount of P6.56 billion from its premyo bonds offering this year despite a lower yield and a pandemic-induced recession as more Filipinos overseas invested in the one-year IOUs.
During Friday’s fourth-quarter raffle draw for the premyo bonds sold last year, National Treasurer Rosalia de Leon said this year’s sales exceeded not only the P3-billion target but also the P4.96 billion in short-dated debt paper sold last year.
This year’s premyo bonds sold at P500 per bond not only served as an investment generating an interest of 1.25 percent when it matures in December next year, but also will give bondholders a chance to win bigger cash and n…
Keep on reading: Treasury raises P6.56B from sale of ‘premyo’ bonds