The Land Bank of the Philippines (LANDBANK) is offering to the investing public the Bureau of the Treasury’s (BTr) 28th Tranche of the Retail Treasury Bonds or RTB-28 with Exchange Offer, starting today (23 August 2022) until 02 September 2022.
This forms part of the state-run Bank’s support to the National Government’s thrust of promoting financial inclusion and literacy, while boosting the state’s coffers for various recovery and development projects.
Finance Secretary Benjamin E. Diokno, Treasurer of the Philippines Rosalia V. De Leon, and LANDBANK President and CEO Cecilia C. Borromeo led the launch of the latest retail bond offer at the BTr’s Ayuntamiento Building in Manila, with the theme, “Tulong-Sulong sa Pagbangon.”
“LANDBANK is once again proud to be the Joint Lead Issue Manager of this latest offering, which reflects the National Government’s continuous thrust in fostering financial inclusivity. It offers Filipinos a safe and secure opportunity to invest hard-earned money, while taking part in nation-building,” said President and CEO Borromeo.
The RTB-28 is a five-and-a-half-year bond designed for retail investors as a low-risk and higher-yielding savings instrument. Proceeds of the issuance will help strengthen the country’s agriculture sector, infrastructure, and education and healthcare systems, among others.
Interested investors may conveniently purchase RTB-28 for a minimum investment of P5,000 and integral multiples of P5,000 thereafter using the LANDBANK Mobile Banking App, in as fast as five minutes or less. This feature is also available in the Mobile Banking App of the Overseas Filipino Bank (OFBank), the official digital bank of the Philippine government and a subsidiary of LANDBANK.
Investors of RTB-28 can also make online placements through the BTr Online Ordering Facility and settle the payments via the LANDBANK Link.BizPortal online payment platform. Over-the-counter placements are likewise accepted in all LANDBANK branches nationwide.
Holders of previously issued bonds, namely FXTN 10-57, RTB 5-11, FXTN 10-58, and RTB 3-10, may also exchange and reinvest their bond holdings for the latest bond offer.
LANDBANK is the Joint Lead issue Manager of RTB-28, with settlement scheduled on 07 September 2022. Interest payments will be paid quarterly during the term of the bond.
The National Government through the BTr has been issuing RTBs since 2001 as part of its efforts to support financial inclusion and literacy among Filipinos by making government securities more accessible to small investors.
Last February 2022, LANDBANK generated a total of P87.8 billion in sales for the previous Retail Treasury Bonds Tranche 27 or RTB-27 issuance.
Through the years, LANDBANK has grown into one of the leading universal banks in the country, while remaining faithful to its social mandate to promote inclusive and sustainable development.
On 8 August 2022, the state-run Bank celebrated its 59th anniversary, representing almost six decades of service to the nation.
Davao cacao co-op relishes sweet success via LANDBANK partnership
The Biao Agrarian Reform Beneficiaries Cooperative (BARBCO) led by General Manager Guadalupe Ocial has grown into a prominent cacao industry player in the Davao region through a productive partnership with LANDBANK. DAVAO CITY – From its humble beginnings to the success it is now reaping, the growth of the Biao Agrarian Reform Beneficiaries Cooperative (BARBCO) is deeply rooted in the soil of collective endeavor, resilience, and fruitful partnerships. BARBCO was established in 1992 by former employees of the defunct Philippine Cocoa States Corporation, and initially ventured into the Lakatan banana industry. BARBCO has since grown into a prominent agriculture player in the region, primarily engaged in cocoa production, marketing, and cocoa liquor and chocolate production. It now has 41 regular members and 215 associate members. Their journey, however, was not without challenges. BARBCO General Manager Guadalupe Ocial admits that the 200 hectares of land awarded to them as Agrarian Reform Beneficiaries (ARBs) was a significant opportunity, but needed much work to really establish a productive and sustainable business. They needed enough working capital to fuel their growth—and this was where the Land Bank of the Philippines (LANDBANK) stepped in. BARBCO first turned to LANDBANK for support during the co-op’s early beginnings in the 1992 when they availed funding for Lakatan banana production. This relationship grew over the years and paved the way for their successful venture into the cacao value chain in 2016. General Manager Ocial emphasizes the importance of this partnership especially in streamlining the process of securing financial assistance whenever they needed it. BARBCO first gained prominence in 2018 as the producer of Chocolate de Biao or "hugot chocolates" which featured sentimental lines, that became popular especially among the younger market. "Because of this long-standing relationship we have with LANDBANK, it was easier for us to process documents for the assistance we need," said General Manager Ocial. Today, BARBCO's portfolio includes the consolidation and processing of cacao beans into various chocolate products, including tablea, nibs, cacao butter, and powder. This access to credit and ease of doing business with LANDBANK has empowered BARBCO to expand their reach. What began with cacao bean consolidation solely within Davao City has now extended to Davao del Norte, Davao Occidental, and Davao del Sur. And the cooperative's success extends beyond financial gains. BARBCO serves as a conduit of support from LANDBANK to its farmer members, ensuring fair compensation for their produce. This commitment to uplifting local farmers has garnered attention even from international food corporations, who now supply cacao beans to BARBCO, drawn by the promise of equitable pricing. "As a cooperative, we are like a channel of the support of LANDBANK. So whatever we get from LANDBANK, we provide it to our farmer members by making sure that we give them the best price for their cacao beans," explained General Manager Ocial. Even during the peak of the COVID-19 pandemic, BARBCO stood resilient, thanks in no small part to the partnership with LANDBANK. Through prudent management and unwavering support, they were able to sustain their workforce, ensuring that employees are properly compensated amid limited operations. For General Manager Ocial, BARBCO's success is not measured solely in profits but in the fulfillment of a collective vision. As she reflects on their journey, she underscores the legacy that the co-op aims to leave behind—a legacy of empowerment, shared prosperity, and community upliftment. "It's a legacy na maiiwan, because I'm not really after my own gain and profit. As long as I can provide for my family, I’m fulfilled. As long as my members and workers are happy and satisfied, then so am I," she added. As BARBCO continues to sow the seeds of success, their partnership with LANDBANK remains steadfast—a testament to the transformative power of collaboration in driving inclusive growth and prosperity in the rich agricultural landscape of Davao and beyond. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. It is committed to provide responsive and meaningful services beyond banking, while leveraging on innovative technology for safe, convenient, and accessible digital banking solutions.
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From national security to food security: Retired cop pursues farming thru LANDBANK
After 25 years in service, retired policeman Ritchie Tenegra ventured into poultry farming, and through LANDBANK’s support, now contributes to enhancing food security for the local community. LEON, Iloilo – From his sworn oath to ‘serve and protect’ the community for 25 years as a dedicated police officer, Ritchie Tenegra shifted his focus towards an equally meaningful purpose: food security. He has since embraced retirement by pursuing his other passion of poultry farming, and is now one of the reliable food suppliers in this town. At a young age, Ritchie saw the potential of animal farming through his parents who owned a piggery. He later followed their footsteps and established his own small piggery in his backyard in 2010 as an additional source of income to support his family. While still in the police force, he had limited capital to start his piggery operations. So Ritchie applied to be a beneficiary of the Swine Dispersal Program of the Department of Agriculture (DA), and was provided his very first piglet that he grew and multiplied. “Mahirap pagsabayin ang pagpupulis at pag-aalaga ng baboy, pero kailangan ng tiyaga dahil kulang talaga para sa pamilya ko ang sahod ko, lalo na’t may mga anak akong nag-aaral,” he said. (It's hard to be a police enforcer and raise pigs at the same time, but it takes patience because my salary is really not enough for my family, especially since I have children still in school.) Encouraged by a fellow cop to diversify his farm with a chicken coop, he delved into poultry farming in 2013, starting with a mere 20 heads. Upon retiring from the service in 2020, Ritchie dedicated himself to full-time farming, and applied for a loan from the Land Bank of the Philippines (LANDBANK) to expand his piggery. However, just a week after his loan was approved, the African Swine Flu outbreak hit the country, which devastated the local pig industry. Eager to push through with his new purpose, Ritchie shifted his focus towards expanding his chicken coop through LANDBANK's Agricultural Competitiveness Enhancement Fund (ACEF) Lending Program, where he secured a P1 million loan to fund the improvement of his poultry farm in 2022. "Malaking tulong talaga ang LANDBANK sa pagpapalago ng manukan ko. Saan ka makakita ng loan sa bangko na isang milyon, tapos P20,000 lang ang interes taon-taon? Kaya malaki talaga ang pasalamat ko sa LANDBANK," Ritchie said. (LANDBANK has really been a huge help in growing my chicken coop. Where can you find a bank loan of one million, then the interest is only P20,000 every year? So I am really grateful to LANDBANK.) From the 20 chickens in a 4-by-6-meter coop in his backyard, the loan supported the scaling up of his poultry operations to an increase in his flock size to 2,000 breeders, and the expansion of his coop to cover an area of 2,000 square meters. In less than a year since his expansion, Ritchie has become a reliable supplier for the DA’s Chicken Dispersal Project, wherein they give away hens to aspiring poultry farmers—just like Ritchie once was. He has also become an established supplier of poultry products for local eateries and restaurants. “Kung hindi dahil sa LANDBANK, hindi lalaki nang ganito itong manukan namin. Malaki talaga ang naitulong ng LANDBANK sa pamilya ko,” said Ritchie. (If it wasn't for LANDBANK, our chicken coop wouldn't grow like this. LANDBANK really helped my family a lot.) LANDBANK remains steadfast in its commitment to servicing the growth requirements of farmers like Ritchie nationwide. In partnership with the DA, LANDBANK provides necessary credit to farmers and fishers, plus their cooperatives and associations, as well as micro and small enterprises (MSMEs) through the ACEF Lending Program, which helps increase their production and enhance their competitiveness. As of January 2024, LANDBANK has released a total of P12.1 billion in loans under the ACEF program towards fostering sustainable and inclusive growth in the agriculture sector. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. It is committed to provide accessible and responsive financing to drive the agriculture sector’s productivity and competitiveness, while championing sustainable development in the countryside.
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LANDBANK sees rise in online investors after RTB-30 sales surge
Demand among Filipino retail investors to utilize digital investment platforms is growing, as the Land Bank of the Philippines (LANDBANK) sold significantly more online placements in the recently concluded Retail Treasury Bonds Tranche 30 (RTB-30) issuance of the National Government. The Bank sold close to half a billion or P438 million worth of RTB-30 investments through its online channels, which is almost three fold of what it sold in the last RTB-29 offering in 2023. LANDBANK’s online sales represent two-thirds of the total RTB-30 online sales worth P664 million. “The significant increase in online placements for RTB-30 reflects the growing confidence of retail investors in using our digital solutions. LANDBANK will remain committed to providing Filipinos with secure and convenient ways to participate in the financial market and contribute to nation-building,” said LANDBANK President and CEO Lynette V. Ortiz. The RTB-30 digital placements worth P438 million were sold through the LANDBANK Mobile Banking App and the mobile banking app of the Overseas Filipino Bank (OFBank)—the official digital bank of the Philippine government and a subsidiary of LANDBANK. The RTB-30 was also sold through the LANDBANK Link.BizPortal, a web-based payment channel, via the Online Ordering Facility of the Bureau of the Treasury (BTr). The National Government raised a total of P585 billion for the RTB-30 issuance making it the largest domestic fund-raising issue to date. As Lead Issue Manager, LANDBANK sold and contributed almost 30% of total sales. RTB-30 offers a very attractive investment return with a coupon rate of 6.25% per annum, with a minimum placement of P5,000. Interest payments will be paid quarterly within a five-year term. LANDBANK is one of the Joint Lead Issue Managers of RTB-30, designed to raise funds in support of the National Government’s sustainable and inclusive development agenda. The proceeds of the issuance will be used for enhancing the country’s infrastructure, strengthening the agriculture and other essential sectors, and improving the healthcare system, among other national development priorities. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. It is committed to supporting the National Government’s fundraising initiatives to boost public resources for the country’s development plans and programs.
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