MANILA, Philippines—The Bureau of the Treasury raised a bigger amount of P6.56 billion from its premyo bonds 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 V. 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 in 2019.
This year’s premyo bonds sold at P500 per bond not only served as an investment with an interest of 1.25 percent when it matures in December 2021, but also will give bondholders a chance …
Keep on reading: ‘Premyo’ bonds raise P6.56B with strong push from overseas Filipinos