FILIPINOS AND FIL-AMS URGED TO INVEST IN RETAIL TREASURY BONDS AND BECOME PARTNERS IN PH DEVELOPMENT
SAN FRANCISCO, USA – The Philippine Consulate General in San Francisco joined other Philippine Foreign Service Posts in the U.S. in an online roadshow on the 30th tranche of the Retail Treasury Bonds (RTB 30), organized by the Bureau of the Treasury (BTr) on 14 February 2024.
In his video message during the online roadshow, Finance Secretary Ralph Recto said that investing in the RTBs will help the government build “much-needed infrastructure for our communities, quality education for the next generation of Filipinos, and a reliable healthcare system for Filipino families.”
“Gamit ang RTBs, sama-sama nating makakamit ang ‘Bagong Pilipinas’ (With the RTBs, we will all achieve a ‘New Philippines’),” Secretary Recto said.
For his part, Consul General Neil Ferrer said that “by investing in the RTBs, overseas Filipinos as well as dual citizens become partners in Philippine development.”
Consul General Ferrer also noted that since its launch in 2001, the RTBs have raised P5.1 trillion ($91.3 billion) in funds for the country’s priority projects in infrastructure, agriculture, education, and healthcare.
The RTBs are safe and low-risk savings investment with a fixed interest rate of 6.25 percent per annum for the next five years. For a minimum investment of only P5,000, investors will receive their interest payments quarterly.
The primary offer period for the RTB 30 ends on 23 February 2024, 12 noon Philippine Time (22 February 2024, 8:00 p.m. U.S. Pacific Time). To learn more, visit the BTr website (http://www.treasury.gov.ph) or download the BTr app on the Apple App Store (http://bit.ly/btr-app-ios) or on Google Play (http://bit.ly/btr-app). END
