BOTR makes bond investments more affordable and accessible
By Sally A. Altea
LEGAZPI CITY --- The Bureau of Treasury Region 5 is offering the Retail Treasury Bond Tranche 29 (RTB29) as an affordable, accessible and inclusive investment for the public.
The RTB29 is open for at least P5,000 minimum investment from February 10 to 17, this year with 6.125% annual interest for 5.5 years and quarterly interest payments.
"It is affordable with only a minimum rate of P5,000. So anyone with an I-Access (Landbank online account) and at least P5000 are eligible. Students and minors can also avail. Parents who will invest for their minor child can use the "in trust for" process," BOTR Region 5 Chief Treasury Operations Officer l Vivian S. Carpio said.
Carpio said that one of its objectives is to raise funds for government development projects and programs. It also aims to promote financial literacy and inclusion among the Filipinos.
"Its primary purpose is to fund government projects. In this way we can help the government while saving or investing for the future. Let us prepare for our future through investments that are trustworthy," Sheryl Burce, BOTR 5 treasury operations officer lll added.
Anyone with access to any of their participating banks are eligible to invest.
Carpio noted that low-risk investment and guaranteed investment return after 5.5 years are among the key features of the RTB29.
It also offers higher returns compared with savings and traditional time deposits in other banks which are also subject to 20% withholding tax.
Investment in the RTB29 can be done through the BOTr's ordering facilities. These include the Bonds.PH mobile application and over-the-counter or online platforms of any of the participating banks such as the Land Bank of the Philippines (LBP), Development Bank of the Philippines, First Metro and China Bank. (With reports from Dianna Rose Badong/Judith Valenzuela/PIA5/Albay)
The Retail Treasury Bond Tranche 29 (RTB29) is an affordable, accessible and inclusive investment offered to the public by the Bureau of the Treasury.