The national government will start this week marketing efforts in preparation for the issuance of $2 billion worth of dollar-denominated retail Treasury bonds, which is expected to finally happen this coming September based on the latest plans.
De Leon said the latest issuance is ready at last after they have completed efforts to coordinate with partner channels, particularly banks, on making investing in the RTBs easy and convenient.
She said this included making the opening of US dollar bank accounts, and enabling access to the RTBs in platforms like mobile applications. The RTBs are meant mainly for Filipinos who are based abroad, but even those who are here in the Philippines may subscribe to the bonds. They may also do so using Philippine pesos, which may be converted to US dollars through the transaction process.
De Leon reiterated that this latest RTB was more about giving Filipinos an avenue to investing in fixed-income instruments and widening their investing options.The National Treasurer added that the economic team was made aware of significant interest in dollar RTBs among Filipinos abroad during their various foreign sorties earlier this year.
There was also significant interest among those who experienced investing in dollar RTBs in the previous issuance two years ago.When asked whether the government will also push ahead with the issuance of a euro-denominated RTB, de Leon said this may have to be done later. “We can do that next year.”Subscribe to our daily newsletter
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