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RTBs safe pandemic investment–Palace

National Treasurer Rosalia V. De Leon

MALACAÑANG on Monday urged the public to avail themselves of the new retail treasury bonds (RTB), which will soon become available as a “safe” investment during the novel coronavirus disease (Covid-19) pandemic.

“This is one of the safest investments where we could allocate our cash. Once it matures, you will get for sure in full your initial investment with interest,” Presidential spokesperson Harry Roque said in an online press briefing on Monday.

He said aspiring investors could buy the bonds for as low as P5,000.

The Palace official also noted funds, which will be invested in RTBs, have a higher interest rate compared to that in banks.

“And if they will encounter an emergency and they will need cash, it is easy to sell their RTBs,” Roque said.

The auction is expected to be held on July 15, 2020.

“So if you will have any cash left during the 15th [of July], we urge you to invest [in the RTB] for our country,” Roque said.

The Bureau of the Treasury (BTr) disclosed it will be releasing additional details about its second RTB later this week.

In February, the Treasury was able to raise P310.8 billion from its first RTB offer.

The BTr said it is part of its fund-raising initiative to provide budget support to the government amid the Covid-19 crisis.

“We are taking advantage of low rates and provide secure investment outlets. [This is] a win-win proposition [for investors and the government] and demonstrates our solidarity against [the] pandemic,” National Treasurer Rosalia V. De Leon said.

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