BTr, LANDBANK launch RTB Online Facility

Tuesday, March 5, 2019

The Bureau of the Treasury (BTr), in partnership with the Land Bank of the Philippines (LANDBANK), launched the first-ever Retail Treasury Bond (RTB) Online Facility to make RTBs available for online purchase.

The five-year RTB tranche 22 offered by BTr is now made available to a wider public through an online ordering facility that makes investing easier and more accessible to more Filipinos, even to Overseas Filipinos (OFs).

The RTB Online Facility automates the process through online accomplishment of an order form that is linked to LANDBANK Link.Biz Portal – an internet-based payment channel designed to accept payment of fees, dues, and charges from clients of enrolled merchants from government or private institutions.

This initiative by the BTr aims to encourage participation from individual investors and expand reach to OFs.

The RTB Online Facility is available for those who have peso deposit accounts (with online access) with LANDBANK and the Development Bank of the Philippines, the Joint Lead Issue Managers of RTB 22.

Interested investors may place a minimum of P5,000 and in integral multiples thereafter with an interest rate of 6.25% gross per annum. RTBs offer period is until March 8, 2019 only and mature in 2024.