Are you currently on the lookout for an investment opportunity that’s high-yield and at the same time, safe? The Land Bank of the Philippines (LANDBANK) may have just the right opportunity for you.
The state-run bank is inviting Filipinos to participate in the Bureau of the Treasury (BTr)’s latest retail treasury bonds offering called Retail Treasury Bonds Tranche 30 (RTB-30) to help them save more of their money.
Retail Treasury Bonds (RTBs) are peso-denominated investment securities issued by the Republic of the Philippines. It forms part of the national government’s program to make government securities available to retail investors.
Its benefits to investors? Sovereign backing.
“We are excited for this opportunity to issue our very first tokenized treasury bonds. The success of this issuance will go a long way towards advancing our efforts in the digitalization space,” said former Finance Secretary Benjamin Diokno during the launch of the Philippines’ first-ever tokenized treasury bonds last year.
“This strategic move aims to democratize access to government securities by making them more accessible and affordable for every Filipino investor. I am confident that the Bureau of the Treasury will remain instrumental in helping us achieve our target of banking 70 percent of the adult population,” he added.
Finance Secretary Benjamin Diokno (2nd from left) together with executives from the BTr during the launch
Proceeds to help enhance the country’s infrastructure,
According to LANDBANK, aside from helping you save more money, investing in BTR-30 could also help the national government raise funds for the country’s development projects.
Interested investors may purchase BTr’s RTB-30 with a minimum investment of P5,000, offering an annual fixed interest rate of 6.25 per cent within a five-year term.
All proceeds from the issuance will be channelled towards enhancing the country’s infrastructure, thus, strengthening the agriculture and other essential sectors and improving the healthcare system, among many other national development priorities.
“The BTr’s RTB-30 not only offers investors higher financial returns but also the opportunity to take part in nation-building. Participating is especially more convenient and easier, now that there are various channels to invest in government bonds,” said Lynette V. Ortiz, President and CEO of LANDBANK.
LANDBANK serves as one of the Joint Lead Issue Managers of RTB-30, with the theme“Kaagapay Mo Sa Buhay.” The issue date is scheduled for February 28, 2024. Interest payments will be paid quarterly during the term of the bond.
Investing made much more accessible than ever
Investing in BTr’s RTB-30 has been made more convenient and easier for interested investors in the country and abroad through LANDBANK’s various investment channels.
LANDBANK account holders can make online placements for RTB-30 in as fast as five minutes through the LANDBANK Mobile Banking App.
This feature is also available via the Mobile Banking App of the Overseas Filipino Bank (OFBank)—the official digital bank of the Philippine government and a subsidiary of LANDBANK — allowing Filipinos from 130 countries to invest in the bond offer conveniently.
Interested investors can also make online placements through the BTr Online Ordering Facility and settle the payments via the LANDBANK Link.BizPortal online payment platform. Over-the-counter placements are likewise accepted in all LANDBANK branches nationwide.
Holders of previously issued bonds, namely RTB 03-11 and RTB 05-12, may exchange and reinvest their bond holdings for the latest bond offer via over-the-counter transactions.