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LAOAG CITY – An official of the Bureau of the Treasury (BTr) is encouraging Ilocanos to take advantage of the opportunity to place their funds in a low-risk investment option, such as retail treasury bond (RTB).
BTr Regional Office 1 chief treasury operation officer lawyer Warren Marc Lloren, in a media interview on Thursday, said an investment roadshow will be held at the Fort Ilocandia Resort in this city from 4 p.m. to 6 p.m. on Friday to discuss the ongoing offering of a five-year debt paper.
“This is open to all interested individuals and they can invest their money with RTB for as low as PHP5,000 to earn interest on a quarterly basis,” he said.
The BTr is offering from Feb. 13 to 23 the 30th tranche of RTB, a five-year fresh issuance that has a coupon rate of 6.250 percent and fetched an average interest rate of 6.156 percent during the rate-setting auction on Feb. 13.
It is also offering an exchange option, which allows holders of maturing debt paper which is eligible for swapping, to exchange it with the soon-to-be issued debt instrument.
RTB is intended for retail investments since minimum placement is PHP5,000 and additional placements will be in multiples of PHP5,000.
Interested investors may place their funds through www.treasury.gov.ph or over the counter through the BTr partner banks that include the Landbank of the Philippines, Development Bank of the Philippines, China Banking Corporation, BDO Inc., Bank of the Philippine Islands, First Metro Investment Corporation, Philippine National Bank, SB Capital and UnionBank. (PNA)
