20180207 BTr Original Logo 5a8f9                           rtb logo

 

Retail Treasury Bonds (rTB) are debt-instruments issued by the Republic of the Philippines, via the Bureau of Treasury, that pay periodic interest payments, with the eventual return of the principal on maturity date. rTBs are made available directly to the investors via public offering.

 

 

rTB 24 Terms of Offering

 

Issuer

Republic of the Philippines through the Bureau of the Treasury

Tenor

Five (5) years

Public Offer Period

July 16 to August 7, 2020

Issue Date

August 12, 2020

Maturity Date

August 12, 2025

Interest Rate

2.625%

Frequency of Interest Payment

Quarterly

Status

The bonds constitute the direct, unconditional, unsubordinated and general obligation of the Republic of the Philippines

Minimum Investment

PHP5,000.00 only, then in increments thereof

Mode of Investment

Over-the-counter, online through the Bureau of the Treasury's website or the Bonds.ph mobile app

Taxation

20% final withholding tax on interest income

First Metro's Role

Joint Issue Manager and Selling Agent

 

 

   

Exchange Offer

 

Holders of rTB 12, maturing August 19, 2020 (also known as RTB 10-01), FXTN 5-73, maturing 20 August 2020, rTB 13 maturing March 3, 2021 (also known as RTB 10-02) and FXTN 7-57 maturing March 20, 2021 are also invited to to EXCHANGE their existing RTBs/FXTN holdings for the new rTB due 2025.

 

Eligible Bonds

rTB 12, FXTN 5-73, rTB 13, FXTN 7-57

Minimum Exchange Offer

PHP5,000.00, then in multiples of 0.01

Mode of Investment

Over-the-counter

Exchange Ratios

1.000, exchanging at par

Accrued Interest

To be credited to your settlement account on Issue Date (12 August 2020)

Public Offer Period

July 16 to August 7, 2020

Settlement Date for the Exchange Offer

August 12, 2020

 

 

 

Additional Information

 

Notice of Offering                            |           Click here.

Frequently Asked Questions          |           Click here.

Progreso Bonds (rTB 24)                 |           Click here.

 

 

 

Contact Details

 

Any questions related to the bond offering may be directed to the representatives of the joint issue manager and selling agent.

 

Mark Cruz

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

 

Ignacio Pardo

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