The sale of RTB retail Treasury bonds for PHP 310.8 billion exceeded expectations. Of these, 250 billion came from new money, and 60.8 billion from the offer exchange program.
The amount from the sale of Treasury bonds from January 28 to February 4, 2020 exceeded last year’s figure! Tenders were supposed to be held until February 6, but due to the fact that sales reached their target volume, it was decided to end the offer period for RTB.
All the money that was raised during the sale of RTB will go to public infrastructure projects, budget goals, and social services.
The land Bank and the Development Bank of the Philippines are the leaders of the 23rd RTB proposal.
The government has adopted a borrowing program for this year for 1.4 trillion PHP.
At the same time, not the entire amount of borrowing is expected to be attracted within the Philippines. The plan is to get 75% from Filipino companies and investors, but to attract 25% from external sources.
How to apply? See the Deposit section Development Bank of the Philippines →