Bureau of the Treasury’s Retail Treasury Bonds 30

The Retail Treasury Bonds (“RTBs”) are 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 RTBs form part of the National Government’s program to make government securities available to retail investors, especially individuals.

The 30th tranche of the RTBs (“RTB 30”) will be focused on the much-needed support of the country’s agriculture, infrastructure, education and healthcare sectors. First Metro Investment Corporation and Metropolitan Bank & Trust Company are Selling Agents of RTB 30.

For more information, visit https://www.treasury.gov.ph/rtb30/.

Terms of the Offer

Issuer Republic of the Philippines
Issue Amount Minimum of Thirty Billion Pesos (PHP 30,000,000,000,000.00)
The Republic reserves the right to increase the overall size of the Issue.
Public Offer Period 13 to 23 February 2024
(offer period may be shortened at the discretion of the BTr)
Issue Date 28 February 2024
Minimum Investment PHP 5,000.00 and integral multiples thereof.
Maturity Date 28 February 2029, or if the Issue Date does not occur on 28 February 2029, the Maturity Date shall be the date that is five (5) years following the Issue Date.
Interest Rate 6.250% per annum
Interest Payment Date Quarterly in arrears
Taxation Prevailing final withholding tax on coupon payment shall be for the account of the bondholders. 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.

Status The RTB 30 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 RTB 30 qualifies in the same manner as all other Treasury Notes and Bonds in respect of: (i) the liquidity floor requirement for government funds and reserves for trust duties under Bangko Sentral ng Pilipinas rules and regulations; (ii) insurance reserves under the Insurance Commission rules and regulations; and (iii) performance and judicial bonds.
Listing The RTB 30 shall be listed on the Philippine Dealing and Exchange Corp. (PDEx).
Bonds eligible for the Exchange Offer
ISIN Eligible Bonds Exchange Ratio
PIID0324C115 RTB 03-11 1:1
PIID0524C129 RTB 05-12 1:1
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.

Contact Details

Any questions related to the Retail Treasury Bonds may be directed to the following representatives.

Vienna Perol

Email Address: vienna.perol@firstmetro.com.ph

Katrina Sicat

Email Address: katrina.sicat@firstmetro.com.ph