Finance Secretary Ralph G. Recto has urged Filipinos to invest in the Bureau of the Treasury (BTr)’s 30th tranche of Retail Treasury Bonds (RTB 30), which promotes cheap investment opportunities for small savers to secure their future.
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National Treasurer Rosalia de Leon (File photo) MANILA - The Bureau of the Treasury (BTr) awarded PHP120.764 billion worth of five-year retail treasury bond (RTB) during the rate-setting auction on Tuesday. It offered the debt securities for PHP30 billion and bids reached PHP183.44 billion. The coupon rate of the debt paper, which will be issued on March 4, 2022, stood at 4.875 percent. The offer period is scheduled from February 15 to 28, but the BTr said this still depends on whether "the subscription has reached a level deemed sufficient by the BTr." "Auction showed strong interest in RTB. Coupon penciled in rate liftoff and emerging higher inflation risk," National Treasurer Rosalia de Leon told journalists in a Viber message after the auction. She said the rate hikes and higher inflation factors pertain to developments in the US and not the Philippines. In her speech during the launch of the 27th tranche of the RTB, streamed over the BTr's Facebook page, de