Pangasinan Governor Ramon V. Guico III (3rd from left) and LANDBANK President and CEO Lynette V. Ortiz (4th from left) lead the signing of a P4.3 billion sub-loan agreement to finance the Pangasinan LGU’s various development projects on 25 October 2023 at the LANDBANK Plaza in Malate, Manila. They are joined by Vice Governor Mark Ronald DG. Lambino (2nd from left), Provincial Administrator Melicio F. Patague II (leftmost), and LANDBANK Senior Vice Presidents Ma. Celeste A. Burgos (5th from left) and Filipina B. Monje (rightmost). MALATE, Manila – The Land Bank of the Philippines (LANDBANK) greenlighted a P4.3 billion loan to the Provincial Government of Pangasinan, geared towards the improved delivery of public, health and tourism services in the Province. The loan is part of the P6 billion omnibus term loan agreement signed by the LGU and the state-run Bank earlier this year to fund the priority development projects in Pangasinan. The signing of the agreement was led by Pangasinan Governor Ramon V. Guico III and LANDBANK President and CEO Lynette V. Ortiz on 25 October 2023 at LANDBANK Plaza in Malate, Manila. They were joined by Vice Governor Mark Ronald DG. Lambino, Provincial Administrator Melicio F. Patague II, Acting Provincial Treasurer Cristy C. Ubando, Provincial Legal Officer Atty. Baby Ruth F. Torre and Provincial Accountant Atty. Marlon C. Operaña, along with LANDBANK Senior Vice Presidents Ma. Celeste A. Burgos and Filipina B. Monje. “LANDBANK remains committed to supporting Pangasinan’s transformative journey towards a more inclusive and sustainable local economy through our wide array of support services. We look to expedite progress within the Province for the improved delivery of basic and medical services, increased socio-economic activities, and a more robust local tourism sector,” said President Ortiz. Of the P4.3 billion loan, P1.8 billion is earmarked for the construction of an 11-storey government center in the Municipality of Lingayen, designed to house the offices of the Provincial Government and national government agencies. Another P500 million is allocated for the development of the Provincial Capitol Complex. To provide better health care for Pangasinenses, P758 million will be used for the purchase of advanced hospital equipment, including computed tomography (CT) scanners, x-ray, magnetic resonance imaging (MRI), and ultrasound machines for the Pangasinan Provincial Hospital, six (6) district hospitals and seven (7) community hospitals in the Province. Meanwhile, P700 million is set to fund the acquisition of land and construction of support facilities for the Bolinao airport in Bolinao, Pangasinan. The remaining P500 million will help establish a corporate center for businesses and other commercial spaces to help stimulate local economic activity. “We’re rolling out and implementing impactful projects that will boost the economy and improve the lives of our people. We are thankful for our partners like LANDBANK, who are ready to support us as we invest in the future of Pangasinan,” said Governor Guico III. LANDBANK remains a major development partner of the local government sector, supporting the financing requirements for inclusive local development in line with its broader thrust of serving the nation.
READ MOREBatanes Governor Marilou H. Cayco (2nd from left) and LANDBANK Basco Branch Head Joseph Caliguiran (3rd from left) lead the MOA signing for the use of the LANDBANK Link.BizPortal facility on 12 October 2023. Joining them are Acting Provincial Treasurer Cristina Caccam (leftmost) and LANDBANK Acting Branch Service Officer Aniceto Ferdinand Mariano (rightmost). BASCO, Batanes – The Provincial Government of Batanes and the Land Bank of the Philippines (LANDBANK) have partnered for the use of the Bank’s Link.BizPortal channel to facilitate online payments for the local government unit (LGU). The LANDBANK Link.BizPortal allows residents to conveniently settle local fees, dues, and charges online at their convenience with just a few clicks on their computers or mobile devices. “LANDBANK will continue to support the digital journey of Batanes with innovative products and services. We look forward to more fruitful collaborations in advancing responsive public service delivery,” said LANDBANK President and CEO Lynette V. Ortiz. Batanes Governor Marilou H. Cayco and LANDBANK Basco Branch Head Joseph Caliguiran led the signing of the Memorandum of Agreement for the partnership at the Provincial Governor’s Office on 12 October 2023. Governor Cayco thanked LANDBANK for its continued assistance and promoted the utilization of the Link.BizPortal among Ivatans. “Dahil dito, mas mapapadali at mapapagaan ang pagbabayad ng ating mga customers. Maraming salamat sa buong LANDBANK lalo na kay Manager Caliguiran sa walang humpay na tulong sa Kapitolyo at sa buong Batanes,” Governor Cayco said. The Provincial Government of Batanes has been the top depositor of the LANDBANK Basco Branch since 1992 and remains among its valued clients. It is also the first LGU in Batanes to avail of the Bank’s various digital banking products, including ATM payroll servicing and weAccess, among others.
READ MORE(left photo) LANDBANK President and CEO Lynette V. Ortiz (6th from right) and Davao de Oro First District Representative Congresswoman Maria Carmen S. Zamora (8th from right) lead the ribbon cutting at the inauguration of the LANDBANK Monkayo Branch in Davao de Oro on 09 November 2023. Joining them are LANDBANK Director Atty. David D. Erro (4th from right), Monkayo Councilor Manuel N. Zamora, Jr. (10th from right), together with other LANDBANK senior executives and local government officials. MONKAYO, Davao de Oro – The Land Bank of the Philippines (LANDBANK) continues to advance financial inclusion in the country with the opening of its newest branch in the first-class town of Monkayo in the province of Davao de Oro. Located in Barangay Poblacion, the LANDBANK Monkayo Branch makes banking services more convenient to clients from the 73 combined barangays of Monkayo and the neighboring towns of Compostela, Montevista and New Bataan. This is the second LANDBANK branch in Davao de Oro, replacing the previous LANDBANK Easy Access Facility (LEAF) in the municipality, to provide improved and expanded banking services to the Province. LANDBANK President and CEO Lynette V. Ortiz and Davao de Oro First District Representative Congresswoman Maria Carmen S. Zamora led the inauguration rites for the LANDBANK Monkayo Branch on 09 November 2023. They were joined by LANDBANK Director Atty. David D. Erro, Monkayo Councilor Manuel N. Zamora, Jr., and other LANDBANK senior executives and local government officials. “To keep in stride with local developments—not to mention Monkayo being the most populous town in the Province—we deemed it fitting to upgrade the previous LEAF into a full-fledged branch. We are now able to offer a wider range of services, as we complement the local government's vision of establishing a one-stop shop for basic public services,” said LANDBANK President Ortiz. For her part, Congresswoman Zamora thanked LANDBANK for its unwavering service to the nation and the Filipino people. “Without LANDBANK, government could not reach far-flung areas and could not reach ordinary Filipinos who need services,” she said. The newly inaugurated branch is equipped with an automated teller machine (ATM) and cash deposit machine (CDM) to facilitate fast, safe, and timely cash withdrawals and deposits of residents from the covered areas. LANDBANK clients who will benefit from the new touchpoint include over 53,000 Conditional and Unconditional Cash Transfer (CCT/UCT) program beneficiaries of the Department of Social Welfare and Development (DSWD), 7,000 farmers and fishers, as well as government employees, teachers, and students, among others. The LANDBANK Monkayo Branch likewise features a Digital Corner where customers can open a deposit account in as fast as 15 minutes or less using the Bank’s Digital Onboarding System (DOBS). Opening an account via DOBS provides automatic enrollment to LANDBANK’s digital banking channels for safe and convenient online transactions. LANDBANK is the only bank present in all 82 provinces in the country, with a network of 606 branches and branch-lite units and 59 lending centers, 16 of which are in Mindanao. LANDBANK’s continued expansion across the country underscores its commitment to bringing banking services closer to its mandated and priority sectors, especially in unbanked and underserved areas.
READ MOREWe join hands with the Philippine Commission on Women (PCW) in observing the 18-Day Campaign to End Violence Against Women (VAW) from 25 November to 12 December 2023. This year's theme "UNITED for a VAW-free Philippines" emphasizes the importance of collaborative effort in the prevention and elimination of violence against women and girls. Show your support for the campaign by using the official Facebook profile picture frame which can be accessed through this link: https://twb.nz/vawfreeph2023 #VAWfreePH #ServingTheNation
READ MORELANDBANK President and CEO Lynette V. Ortiz (middle) receives an award for the Bank from Executive Secretary Lucas P. Bersamin (6th from left), GCG Chairperson Atty. Marius P. Corpus (7th from left), and GCG Commissioners Atty. Geraldine Marie Berberabe-Martinez (3rd from left) and Atty. Brian Keith F. Hosaka (2nd from left), for ranking among the top GOCCs based on the Performance Scorecard for 2022. LANDBANK also topped the rankings in terms of governance among all GOCCs based on the GCG Corporate Governance Scorecard. In line with its continued commitment to outstanding service delivery, the Land Bank of the Philippines (LANDBANK) garnered the highest rating for corporate governance in 2022 from the Governance Commission of GOCCs (GCG). During the GOCC Governance Awards Ceremony held on 20 November 2023 at the PICC Complex in Pasay City, the state-run Bank ranked first among government-owned and controlled corporations (GOCCs) in the country with a score of 102.50 on the GCG’s Corporate Governance Scorecard (CGS). “The principles of good corporate governance—accountability, transparency, fairness, and responsibility—are the pillars upon which our institution stands. These principles guide our operations, ensuring that we remain credible to all our stakeholders, stable in our financial dealings, and steadfast in our commitment to ethical practices,” said LANDBANK President and CEO Lynette V. Ortiz. President Ortiz personally received the award together with other Bank officials, namely Executive Vice President Alex A. Lorayes; Senior Vice Presidents Elcid C. Pangilinan and Atty. Joselito B. Vallada; First Vice President Atty. Roderick P. Sacro; and Vice Presidents Atty. Myra-Lyn S. Peñalosa and Atty. Nikkolas G. Tolentino. LANDBANK Executive Vice President Liduvino S. Geron and Senior Vice President Marilou L. Villafranca also graced the event as Chairman and Board Member, respectively, representing the Bank’s subsidiary, UCPB Savings Bank. LANDBANK has consistently garnered high marks in the CGS, which evaluates the governance policies and practices of GOCCs on Stakeholder Relationships, Disclosure and Transparency, and Responsibilities of the Board. The scorecard also assesses the corporate governance practices of GOCCs based on existing corporate governance guidelines. The Bank was likewise recognized as among the top-performing GOCCs overall based on its 2022 GCG Performance Scorecard, which provides measures, targets, and success indicators based on the mandates and long-term vision of a GOCC, to evaluate its contribution to the National Government’s development agenda. Meanwhile, two of LANDBANK’s subsidiaries also placed among the top 10 GOCCs in the corporate governance rankings. The LBP Insurance Brokerage Inc. (LIBI) ranked seventh with an overall rating of 97.92, while the LBP Resources and Development Corporation (LBRDC) placed ninth with a 96.50 rating. “Corporate governance is not just about compliance and meeting financial goals; it's about upholding public trust and ensuring that every action we take aligns with the greater good of our community and nation,” President Ortiz added. As part of its continued commitment to deliver quality financial and support services in serving the nation, LANDBANK maintains a strong corporate governance culture anchored on integrity, transparency, and accountability.
READ MORETerms and Conditions for Pay in Installments The LANDBANK Credit Card’s Pay in Installments allows the Cardholders to pay for goods and services on installment basis with partner merchants for a specified term according to the Terms and Conditions specified by LANDBANK. The Pay in Installments is available to all Principal and Supplementary Cardholders (except for DOSRI and Corporate accounts) whose cards are active, in good credit standing, and have available credit lines. LANDBANK Credit Cardholders can enjoy 0% interest on installments in various partner establishments in both Instore or Online stores bearing the Pay in Installments logo. The list of partner merchants is found in the LANDBANK website under Credit Cards menu. The Pay in Installments is valid on a single-receipt purchase transaction of at least PhP3,000, payable up to 24-month installment term. However, merchants have sole discretion on the installment terms and minimum spend requirement to qualify for installment which may vary per item and merchant. Partner merchant may set a higher spend requirement which may vary per term, item and outlet. No maximum amount for the transaction as long as it is within the Cardholder’s available credit limit. Qualified Cardholders can amortize at 0% interest on the total price of the items purchased under Pay in Installments for the duration of the installment plan, available at 3, 6, 12, and 24-month installment terms or as otherwise specified by the merchant offering Pay in Installments. Applicable installment terms vary per merchant/partner establishment or per outlet or item. It can be applicable on selected items only, at the option of the merchant, and may differ on product models per establishment. LANDBANK does not guarantee the quality of the product or service subject of the installment charge slip or installment contract. Any defect or damage on the product or service shall not affect or excuse Cardholders’ obligation to pay his/her account. The cash price and credit card price for 0% interest on Installment transactions shall be the same. All decisions made by LANDBANK Credit Cards or partner merchants regarding transactions made hereunder are considered final. Purchases are subject to approval based on the available credit limit of the Cardholder at the time of purchase. All transactions are subject to LANDBANK Credit Cards’ transaction authorization rules. The approved installment transaction is automatically deducted from the Cardholder’s available credit limit. The first monthly amortization will be reflected on the next cut-off date once the transaction is posted. Each monthly installment amount forms part of the Minimum Amount Due on Cardholder’s Statement of Account. The Cardholder incurs no additional fees for using the Pay in Installments. The Cardholder, however, may pre-terminate its availment of 0% interest installment by calling the LANDBANK Customer Care Hotline. In case of pre-termination, Cardholder must settle the full amount of the remaining principal balance, as well as pay a pre-termination fee of 5% of the remaining balance or Php300, whichever is higher. Any two (2) unpaid amortizations shall constitute default and shall result to the remaining unpaid installments to become due and demandable. Any unpaid amount shall incur interest and surcharges in accordance with the Terms and Conditions governing the issuance and use of the LANDBANK Credit Card. The Cardholder’s use of Pay in Installment shall be considered as his/her acceptance to be bound by these Terms and Conditions and such amendments hereof as may be made by LANDBANK Credit Cards and advised from time to time. LANDBANK Credit Cards Installment purchases are subject to the standard Terms and Conditions Governing the Issuance and the Use of LANDBANK Credit Cards. Download: Frequently Asked Questions
READ MORE(front) LANDBANK President and CEO Lynette V. Ortiz (right) and ACEN President and CEO Eric Francia (left) lead the signing of a P20-Billion loan agreement to fund ACEN’s general corporate requirements and investments in renewable energy projects on 29 November 2023 in Makati City. Joining them (from L-R) are ACEN Chief Finance and Compliance Officer Maria Corazon Dizon, Treasurer Cecile Cruzabra, and Head of Corporate Finance Juan Martin Syquia, alongside LANDBANK Senior Vice Presidents Lucila E. Tesorero and Ma. Celeste A. Burgos. MAKATI CITY – The Land Bank of the Philippines (LANDBANK) approved a P20-billion loan to ACEN CORPORATION (ACEN)—the listed energy platform of the Ayala Group—in support of the National Government’s thrust to expand the country’s mix of renewable energy. The LANDBANK loan will partially finance ACEN’s general corporate requirements and investments in renewable energy projects, which are aligned with the government’s target under the National Renewable Energy Program to increase the share of renewable energy in the country’s power generation mix from the current 22% to 35% by 2030. LANDBANK President and CEO Lynette V. Ortiz and ACEN President and CEO Eric Francia formalized the loan agreement on 29 November 2023 at the Ayala Triangle Gardens, Makati City. They were joined by ACEN Corporation Chief Finance and Compliance Officer Maria Corazon Dizon, Treasurer Cecile Cruzabra and Head of Corporate Finance Juan Martin Syquia, alongside LANDBANK Senior Vice Presidents Ma. Celeste A. Burgos and Lucila E. Tesorero. “LANDBANK is proud to collaborate with ACEN, as we continue to build strategic partnerships to address the impact of global warming and climate change in the country. More than just a loan agreement, we see this partnership as an important step that supports the greening of our energy sector,” said LANDBANK President Ortiz. ACEN has ~4,500 MW of attributable capacity from its owned facilities in the Philippines, Australia, Vietnam, Indonesia and India, with a renewable share of 98%, which is among the highest in the region. This year, ACEN allocated up to P50 billion to continue growing its renewable energy portfolio. LANDBANK’s loan to ACEN underscores the Bank’s thrust of promoting sustainable finance and environmental protection, while funding key economic development sectors to help address the consequences of climate change.
READ MORE(top photo) LANDBANK President and CEO Lynette V. Ortiz (middle) leads the onboarding of Hinigaran Multi-Purpose Cooperative (HMPC) and Guimaras Employees Multi-Purpose Cooperative (GEMPC) as new LANDBANKasama Partners in Western Visayas alongside other LANDBANK officials and officers on 7 December 2023 at the Iloilo Provincial Capitol, Iloilo City. (bottom-left photo) Department of Social Welfare and Development (DSWD) Assistant Regional Director Joselito G. Estember (middle) and other DSWD officers and staff join the rollout, where (bottom-right photo) beneficiaries of the Conditional Cash Transfer (CCT) Program successfully withdraw funds conveniently as assisted by LANDBANKasama Partners. ILOILO CITY – In stride with extending greater financial access to Western Visayans, the Land Bank of the Philippines (LANDBANK) onboarded two new LANDBANKasama Partners on 7 December 2023 at the Iloilo Provincial Capitol, Iloilo City. Under the LANDBANKasama Program, the state-run Bank is partnering with client cooperatives, associations, rural banks, local government units (LGUs), micro, small and medium enterprises (MSMEs), and private entities to help provide basic banking services on behalf of the Bank to areas with limited or no accessible banks. The new LANDBANKasama Partners – Hinigaran Multi-Purpose Cooperative (HMPC) and Guimaras Employees Multi-Purpose Cooperative (GEMPC) – will enable Western Visayans to enjoy convenient banking services without having to travel long distances to other towns to transact at the nearest LANDBANK branch. "Through LANDBANKasama, we are leveraging the power of digital banking and strategic local partnerships to provide basic banking services to remote, underserved, and unbanked communities nationwide. We look to advance greater financial access to clients and stakeholders who need our services the most," said LANDBANK President and CEO Lynette V. Ortiz. President Ortiz led the LANDBANKasama rollout with Provincial Government of Iloilo Vice Governor Christine S. Garin and Administrator Dr. Raul N. Banias, and Department of Social Welfare and Development (DSWD) Assistant Regional Director Joselito G. Estember. They were joined by new LANDBANKasama Partners represented by HMPC Project Manager Happy Elaine G. Aguilar and GEMPC Manager Raymundo Lao, alongside LANDBANK Director Nancy D. Irlanda, and First Vice Presidents Vivian M. Cañonero and Ma. Elenita N. Manucom, among other local and LANDBANKasama Partners. The HMPC touchpoint located at San Agustin Heights, Brgy. Narauis, Hinigaran, Negros Occidental, will help serve the banking requirements of all 24 barangays and nearby municipalities of Isabela and Pontevedra. Meanwhile, the GEMPC partner at San Miguel, Jordan, is expected to bring financial access closer to all of the five municipalities of Guimaras, namely Buenavista, Jordan, Nueva Valencia, San Lorenzo, and Sibunag. Financial inclusivity through innovative partnerships LANDBANKasama is a rebrand of the Bank’s Agent Banking Program (ABP), called as such to better captures the goals of the Program to create strategic points of banking access and promote collaboration towards expanding financial inclusion. LANDBANKasama Partners offer various services including cash withdrawal, cash deposit, fund transfer, bills payment, and balance inquiry, and benefit beneficiaries of the Conditional Cash Transfer (CCT) program of the DSWD, as well as government employees, teachers, students, and other private clients in the area. Aside from LANDBANK prepaid accounts, LANDBANKasama also now allows clients to make transactions using their LANDBANK savings accounts. The Program also seeks to empower and benefit customers through lower transaction costs, and enable potential savings on travel and associated expenses for clients located outside of municipal or city centers. With the onboarding of the two partner cooperatives, LANDBANK has a network of 1,086 LANDBANKasama Partners nationwide, 129 of which are in the Western Visayas Region. LANDBANK remains steadfast with its commitment to deliver innovative and inclusive financial services to all Filipinos, extending its reach to serve even the most remote communities nationwide.
READ MORETerms and Conditions Offer is only valid if the booking is made via www.onedinesfree.com platform and the participating restaurants reserve the right to decline the offer if the booking is not made via the platform. Please note that the SMS/ Email confirmation is mandated by the individual service provider. There could be a delay in delivery or blocked due to restrictions by the network or service provider. Reservation and offer needs to be communicated to the participating restaurant at the time of arrival and offer is valid for all Mastercard cardholders issued in Asia Pacific. Offer is only valid for applicable à la carte main course as determined by the restaurant, and excludes beverages, taxes and duties. Offer is valid for a minimum number of pax per Mastercard card per table per bill. For each bill, the offer can only be redeemed once. No splitting of table or bill is allowed. Please refer to each restaurant’s minimum number of pax. Example A: 2 persons ordered 2 main courses; the cardholder shall pay for 1 main course. Example B: 6 persons ordered 6 main courses; the cardholder shall pay for 5 main courses. Cardholders and their guests must order one (1) main course each to enjoy the offer. Example A: Four diners ordered three (3) Main Courses; no offer will apply. Example B: Four diners ordered (4) Main Courses, offer will apply. The offer can be withdrawn by Mastercard without any prior notification. The dish of the least value will be considered as the promotional / offer element at redemption. Cardholders are advised to check with the service staff on the type of dishes considered as Main Course to enjoy the offer. For reservations above 7 pax, please contact the restaurant directly and offer will not be applicable. There is no restriction on the number of visits by a cardholder to the restaurant during the offer period and for each visit, the cardholder will be able to enjoy the offer once. Reservations are subject to availability at all participating restaurants. The offer cannot be exchanged for cash / service, other products, or discounts. The offer is not transferable and cannot be used in conjunction with other discounts, promotional offers. Offer is valid for dine in only and not applicable for takeaways. Offer is not valid on eve of and on Public Holidays, special occasions such as Valentine’s Day, Mother’s Day, Father’s Day and other blackout dates. These dates will vary for each city and will be updated from time to time. Reservation on the designated blackout dates will not be allowed. Such other terms and conditions apply as per written approval between the restaurant and Mastercard and Dining City. In case of any dietary restrictions, allergies or any specific food or cooking requirements, please ensure the restaurant is informed at the time of ordering. Mastercard and Dining City do not take any guarantee or warranty of the quality, quantity of the food or ambience of the participating restaurant. Any issues pertaining to the same will have to be addressed and resolved by the restaurant directly. Mastercard and Dining City are in the business of promoting offers at the participating restaurant and are in no way endorsing or recommending the services, food or any aspect of the restaurant. Mastercard and Dining City shall use reasonable best efforts to ensure that reservations will be accepted, but Mastercard and Dining City will not be held responsible if a restaurant fails to inform either party of non-availability of such restaurant or if a sold out occurs or if a private event is held at such restaurant. The offer acceptability and honouring is subject to Force Majeure wherein any execution or delivery of any of the services committed through this program is hampered beyond its reasonable control, such as but not limited to, strikes, labour controversies, Acts of God, fire, flood, war, lightning, earthquake, collapse of structure, embargoes or Government orders or restrictions or policies etc., the affected restaurant shall be excused for non-performance of its obligation during the period such cause continues to exist. Rights of admission are reserved by the restaurant. Individual restaurant Terms & Conditions apply. All bookings are subjected to restaurants' availability. A reservation confirmation email/SMS will be sent to you once the booking is confirmed. In case you do not receive an Email confirmation/ SMS of your booking, kindly reach out to us at ODF@diningcity.asia The offer shall not be available wherever it is prohibited under law and / or cannot be made / continued for any reason whatsoever. Participation in this offer is entirely voluntary, and it is agreed and understood by the Participants that participation shall be deemed to have been made on a voluntary basis. All disputes under this offer are subject to the exclusive jurisdiction of the competent courts / tribunals of the respective country of the offer. By participating in the offer, the cardholders agree to be bound by the terms and conditions mentioned here and present in communications. Any tax or other liabilities or charges payable to the government or any other statutory authority / body or any participating establishment, which may arise or accrue to the cardholders, shall be solely borne by the cardholders. Amendments are subject to availability and at the discretion of the restaurant. Cancellations need to be done at least 24 hours prior to the booking time or will be deemed confirmed. Whilst this offer is joint branded, Mastercard does not collect, use, disclose, process or transfer any personal data relating to cardholders in accordance with these terms and conditions. All processing of personal data for the purposes of this offer is done by Dining City.
READ MOREThe Land Bank of the Philippines (LANDBANK) contributed P7 billion in sales to the country’s first-ever Tokenized Treasury Bonds (TTBs) issuance of the Bureau of the Treasury (BTr), in support of the National Government’s push for a financially inclusive domestic capital market. LANDBANK was lead Issue Manager with the Development Bank of the Philippines (DBP) for the maiden offering of TTBs and brought half of the total issued size of P15 billion. The TTBs are fixed-income government securities that are stored as digital tokens in the digital wallets of investors. It is supported by a dual registry structure where the National Registry of Scripless Securities (NRoSS) operates in parallel with a Distributed Ledger Technology (DLT)-based registry through blockchain technology. “The Tokenized Treasury Bonds exemplifies a forward-looking approach in promoting accessibility, convenience, efficiency, and transparency towards enhancing the overall investor experience. With the adoption of blockchain technology, we are also ensuring the integrity of transactions while providing investors with an increased level of trust and security,” said LANDBANK President and CEO Lynette V. Ortiz. The maiden issuance of TTBs was made available to qualified institutional buyers in minimum denominations of P10 million and increments of P1 million thereafter. These one-year peso-denominated bonds fetched a coupon rate of 6.50% per annum, payable every six months until maturity in November 2024. The tokenization of treasury bonds demonstrates the National Government’s vision of democratizing access to government securities by streamlining settlement procedures and minimizing friction costs. Following the successful debut, the BTr is looking to extend tokenized bonds to Filipino retail investors. LANDBANK remains committed to supporting the National Government’s bond offerings, as part of its efforts to promote greater financial inclusion and broader participation in the bond market.
READ MOREAs of Tue, June 17, 2025
| Buying | Selling | |
|---|---|---|
| USD | 56.3 | 56.8 |
| JPY | 0.383574 | 0.398452 |
| EUR | 64.191272 | 66.674566 |
| GBP | 75.381029 | 78.29721 |
| HKD | 7.146307 | 7.678735 |
As of Tue, June 17, 2025
| UITF | NAVPU |
|---|---|
| Cash Management Fund | 1.566897 |
| Money Market Fund | 1.318109 |
| Money Market Plus Fund | 1.230559 |
| PERA Money Market Fund | 1.027876 |
| Medium-Term Bond Fund | 2.481443 |
| Bond Fund | 2.027203 |
| PERA Bond Fund | 1.200271 |
| Balanced Fund | 2.67519 |
| Growth Fund | 2.615588 |
| Alpha Equity Fund | 3.096752 |
| Blue Chip Equity Fund | 0.976566 |
| Equity Fund | 0.816152 |
| High Dividend Equity Fund | 1.019844 |
| US$ Money Market Fund | 1.437985 |
| Global $ Fund | 1.536712 |
