ICYMI: The Bureau of the Treasury (BTr) issued a total of PHP 584.86 billion in 5-Year Retail Treasury Bonds (RTB 30) with a coupon of 6.25% per annum. To mark the issuance, RTB 30 was formally listed on the Philippine Dealing and Exchange Board on February 28, 2024.
Interest for the issuance poured throughout the auction and the public offer period, with the initial offering going 19 times oversubscribed from the minimum issue size of PHP 30 billion.
This allowed the Auction Committee to award PHP 212.72 billion at the rate-setting auction held last 13 February 2024. During the nine-day offer period, an additional PHP 372.14 billion orders came in, of which PHP 128.69 billion was raised in new money and PHP 243.45 billion through the Switch Program.
To date, RTB 30 has the highest participation rate of more than 30% in bonds exchanged. Through the BTr’s online and app-based investment channels, retail investors from over 40 countries generated a record volume of PHP 663.56 million from 8,120 transactions. The remarkable reception of the RTB 30 allowed the BTr to exceed its initial target of PHP 400 billion for the transaction.
Read more:
https://www.treasury.gov.ph/?p=62410#DOFUpdates
#RTB30
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