PH CONSULATE IN SF URGES FILIPINOS TO INVEST IN PH DEVELOPMENT VIA RTB 28
The Philippine Consulate General in San Francisco joined other Philippine Foreign Service Posts in the United States in the online roadshow on the Retail Treasury Bonds Tranche 28 (RTB 28), organized by the Philippine Bureau of the Treasury on 23 August 2022.
In a statement, Philippine Consul General in San Francisco Neil Ferrer said that “investing in the RTBs will not only allow Filipinos and Filipino Americans to diversify their financial portfolio, but will also fund the Philippines’ priority development areas such as agriculture, education, healthcare, infrastructure, and pandemic response.”
Consul General Ferrer also cited the stellar performance of the Philippine economy, which posted a 7.8-percent GDP growth in the First Half of 2022. “With more jobs created as our economy continues its expansion, it is high time to invest in the RTBs and support the country’s agenda towards a robust economy and an inclusive and resilient society,” the Philippine Consul General said.
The RTBs are safe and low-risk savings investment with a fixed interest rate of 5.75 percent per annum for the next five and a half years. For a minimum investment of only P5,000, interest payments will automatically be credited to the buyer’s settlement account quarterly. The RTBs may be purchased online at http://treasury.gov.ph, or through the mobile apps of the Bureau of the Treasury PH, Land Bank of the Philippines, Overseas Filipino Bank and Bonds.PH. The primary offer period for the RTB 28 will end on 2 September 2022. (San Francisco PCG screenshot)