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Manila Bulletin devider Business devider Banking & Finance devider RTB sale, GBonds launch slated in second half of 2025

RTB sale, GBonds launch slated in second half of 2025

Published May 14, 2025 02:06 pm

At A Glance

  • The issuance of GBonds, a variant of retail treasury bonds (RTBs), through e-wallet GCash by the national government has been postponed from December last year to the second half of 2025.
The issuance of GBonds, a variant of retail treasury bonds (RTBs), through e-wallet GCash by the national government has been postponed from December last year to the second half of 2025.
National Treasurer Sharon P. Almanza said during a financial literacy seminar held last week in Milan, Italy, that the Bureau of the Treasury (BTr) will issue RTBs this year.
Almanza told Manila Bulletin on Wednesday, May 14, that the reason for the delayed GBonds issuance was because the pilot target was only set in December 2024. She did not provide an answer as to why the targeted pilot was not met.
RTBs are government debt securities with longer tenors that regular people can purchase for as low as ₱5,000, with interest rates depending on prevailing bond market rates.
“These are safe, secure, and accessible investment instruments designed to help Filipinos invest wisely while supporting critical programs of the national government,” the Department of Finance (DOF) said in a statement on Tuesday, May 13.
GBonds in an e-wallet “will allow users to conveniently invest in government securities directly from their mobile devices wherever they are in the world.”
According to the National Treasurer, the BTr will allot a two-week period for the primary issuance of bonds without fees to those who will buy. Secondary issuances, meanwhile, will incur payment to the platform.
“The GBonds will be available within the year, and it will be easy for you to invest as long as your wallet has funds,” Almanza told Filipinos in Milan during the seminar.
“Hopefully, by the time we make the issuance, the GBonds will be available, allowing RTBs to be purchased through GCash,” Almanza said.
Almanza explained that GCash is still running tests for the bonds. “Hopefully it will be available soon.”
Once available on the platform, Almanza said GCash will waive transaction or convenience fees. She added that purchasing bonds online is more accessible compared to over-the-counter transactions at partner bank branches.
Besides app-based and over-the-counter channels, other modes of investment include the BTr online ordering facility.
Late last year, Finance Secretary Ralph G. Recto urged GCash, Philippine Digital Asset Exchange Inc. (PDAX), and regulators to expedite the launch of GBonds.
Recto had said that the government will launch GBonds with GCash in December 2024, to make investing even easier and more accessible to the public.

Related Tags

GBonds retail treasury bonds (RTBs) Bureau of the Treasury Sharon Almanza Ralph G. Recto GCash
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