Government raises P167.3 billion from retail bond sale
The Philippine government raised P167.25 billion from its latest Retail Treasury Bond (RTB) offering, which is expected to help finance its various projects.
The Philippine government recently raised P167.25 billion through the sale of Retail Treasury Bonds (RTB-32), exceeding both its initial target and the projected amount. The funds will be utilized for various government projects and programs, including education, health, infrastructure, and agriculture. The 2.5-year bonds, set to mature in 2029 with a coupon rate of 6.875 percent, were offered at P5,000 and were accessible through multiple channels, including traditional banks, online platforms, and mobile banking apps.
The Treasury and RTB-32 joint issue managers conducted roadshows and information sessions across the country to promote the offering. The RTB-32 is part of the government's plan to borrow P892 billion from domestic sources in the final quarter of 2026, with a total borrowing target of P2.73 trillion for the year.
Written by urgent.news from Philippine Star Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.