Bureau of the Treasury’s Retail Dollar Bonds 2
The 2nd tranche of the Retail Dollar Bonds (“RDB 2”) are dollar-denominated debt-instruments issued by the Republic of the Philippines, via the Bureau of the Treasury, that pay periodic interest payments, with the eventual return of the principal on maturity date. The RDBs form part of the National Government’s program to make government securities available to retail investors, especially individuals.
First Metro Investment Corporation and Metropolitan Bank & Trust Company are Selling Agents of RDB 2.
For more information, visit https://www.treasury.gov.ph/rdb02/.
Terms of the Offer
Issuer | Republic of the Philippines | |||||||
Issue Amount | Minimum of Two Hundred Million Dollars (USD 200,000,000.00)
The Republic reserves the right to increase the overall size of the Issue. |
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Public Offer Period | 27 September to 6 October 2023 | |||||||
Issue Date | 11 October 2023 | |||||||
Minimum Investment | USD 200.00 and integral multiples of USD 100.00 thereof. | |||||||
Maturity Date | 11 April 2029, or if the Issue Date does not occur on 11 October 2023, the Maturity Date shall be the date that is five and a half (5.5) years following the Issue Date. | |||||||
Interest Rate | 5.75% per annum | |||||||
Interest Payment Date | Quarterly | |||||||
Taxation | Prevailing final withholding tax on coupon payment shall be for the account of the Issuer. Tax Exempt Institutions (TEIs) without a tax-exempt NRoSS Securities Account purchasing RTBs shall submit a valid BIR tax ruling.
Documentary stamp tax (DST) on original issue shall be for the account of the Issuer. |
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Status | The RDBs constitutes direct, unconditional, unsubordinated, and general obligations of the Republic and shall at all times rank pari passu and without any preference among themselves. | |||||||
Elibility | The RDBs qualifies in the same manner as all other Treasury Notes and Bonds in respect of: (i) insurance reserves under the Insurance Commission rules and regulations; (ii) performance and judicial bonds; and (iii) permitted foreign currency cover for Foreign Currency Deposit Unit liabilities. | |||||||
Listing | The RTBs shall be listed on the Philippine Dealing and Exchange Corp. (PDEx). | |||||||
First Metro’s Role | Joint Issue Manager and Selling Agent |
Notice of Offering
You may view or download a copy of the Notice of Offering from the link below.
RETAIL DOLLAR BONDS 2 – NOTICE OF OFFERING
Contact Details
Any questions related to the Retail Dollar Bonds may be directed to the following representative.
Vienna Perol
Email Address: vienna.perol@firstmetro.com.ph