Government Securities (GS)

  • GS are debt instruments issued by the Republic of the Philippines or any of its instrumentalities to finance public expenditures.
  • GS are scripless securities and are registered under the Registry of Scripless Securities (RoSS) System of the Bureau of the Treasury.
  • GS are the safest investment instrument in the market. Because they are backed by the full taxing power of the government, they are practically default risk-free. While there may be market risks owing to changes in interest rates, GS are an attractive investment vehicle since the safety of your principal is assured.
  • GS are high-yielding. Rates are at par or higher than other investment instruments in the market. The presence of an organized transparent fixed income exchange, the Philippine Dealing and Exchange Corporation (PDEx), ascertains that you get the best price available in the market.
  • GS are marketable and highly liquid. They can be traded easily in the secondary market anytime the market is open. The market for GS is open every day, from Monday to Friday, 9:00 am to 12 nn and 2:00 to 4:00 pm.

Product Features

Treasury Bills (T-bills)

Issuer

Republic of the Philippines

Status/Credit

Fully guaranteed by the National Government

Issue Date

Various

Maturity Date

Various

Original Tenor

Up to one year (91,182,364 days)

Interest/Coupon on Issue Date (Gross)

None (issued at a discount)

Taxation (subject to 20% withholding tax, except for tax-exempt institutions)

Applicable on interest

Interest Payment Period

None

Minimum Investment Requirement (Secondary Market)

P 200,000

Tradable via Organized Exchange

Yes

Fixed Rate Treasury Notes (FXTN)

Issuer

Republic of the Philippines

Status/Credit

Fully guaranteed by the National Government

Issue Size

Various

Issue Date

Various

Maturity Date

Various

Original Tenor

Up to 25 years (3, 5, 7, 10, 15, 20, 25 years)

Interest/Coupon on Issue Date (Gross)

Various

Taxation (subject to 20% withholding tax, except for tax-exempt institutions)

Applicable on coupon

Interest Payment Period

Semi-annually

Minimum Investment Requirement (Secondary Market)

P 200,000

Tradable via Organized Exchange

Yes

Retail Treasury Bonds (RTB)

Issuer

Republic of the Philippines

Status/Credit

Fully guaranteed by the National Government

Issue Date

Various

Maturity Date

Various

Original Tenor

Up to 25 years (3, 5, 7, 10, 15, 20, 25 years)

Interest/Coupon on Issue Date (Gross)

Various

Taxation (subject to 20% withholding tax, except for tax-exempt institutions)

Applicable on coupon

Interest Payment Period

Quarterly

Minimum Investment Requirement

Primary Market: P 5,000

Secondary Market: P 200,000

Tradable via Organized Exchange

Yes

How to Invest?

  • Open a Peso account or designate an existing LANDBANK Peso Account where interest and principal payments of the securities will be credited and comply with the documentary requirements

Documentary and Other Requirements

  • Bureau of Treasury (BTr) Investor’s Undertaking (BTr Form 05)
  • Special Power of Attorney
  • Client Suitability Assessment Form
  • Risk Disclosure Statement
  • Client Agreement
  • KYC Checklist
  • Order Ticket
  • Others as may be required by the Issuer