Treasury Bills

  • Short-term securities, less than one year
  • Debt of the Philippine government
  • Sold by Government Securities Eligible Dealers (GSEDs)
  • Bought at a discounted rate from face value

Treasury Bonds

  • Medium to long-term securities, more than one year
  • Debt of the Philippine government
  • Sold by GSEDs
  • Yields seen in coupon rate
  • Redeemed quarterly

Retail Treasury Bonds

  • Medium to long-term investment
  • Issued by the Philippine government
  • Part of the government’s program to make securities available to small investors
  • Interest is paid quarterly and may be traded in the secondary market

Corporate Bonds

  • Medium to long-term peso-denominated securities issued by corporations
  • Backed solely by their credit quality
  • Interest is paid quarterly or semi-annually, and may be traded in the secondary market before maturity
  • At maturity date, these are redeemed at face value of the security

Foreign currency Denominated Sovereign Bonds

  • Foreign currency bonds issued by the government of a particular country
  • Interest is paid semi-annually, and may be traded in the secondary market before maturity
  • At maturity date, these are redeemed at face value of the security

Foreign Currency Denominated Corporate Bonds

  • Foreign currency bonds issued by corporations
  • Backed solely by their credit quality
  • Interest is paid semi-annually, and may be traded in the secondary market before maturity
  • At maturity date, these are redeemed at face value of the security