The Bureau of the Treasury closed its retail bond offering ahead of schedule after demand reached more than government’s target.
National Treasurer Rosalia V. De Leon announced on Wednesday, Feb. 15, that the bureau raised P283.71 billion through the sale of 5.5 year retail treasury bond (RTB), which caters to small Filipino investors.
Of that amount, P31.67 billion were swapped for bonds expiring on March 8, April 21 and May 29, 2023.
“We set a cap of P250 billion but given strong demand we accepted more. It is a decision to reduce volume compared to last year,” De Leon told reporters. “So we even closed earlier than schedule.” The RTB was supposed to be sold from Feb. 7 to 17, 2023.
In September 2023, the Marcos administration sold its first RTB raising P420.25 billion of the five-year papers.