The Bureau of the Treasury has raised P463.3 billion from its latest issuance of three-year retail treasury bonds (RTBs), proceeds of which will be injected into the budget to finance the country’s fight against COVID-19.
National Treasurer Rosalia de Leon on Thursday said new money from the fresh RTB sales amounted to P411.8 billion, while P51.5 billion were switched by investors with their bond holdings maturing this year.
The RTBs, sold from Feb. 9 to March 4, were offered to small investors in multiples of P5,000 through banks, online channels and mobile apps. Settlement will be on March 9.
The bonds will mature in 2024 at a coupon rate of 2.375 percent.
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Keep on reading: Investors make beeline for fresh RTBs; gov’t raises P463.3B