Landbank encourages Filipinos to invest in gov’t bonds
State-owned Land Bank of the Philippines (Landbank) has again called on the investing public to build up their savings and help the government raise funds by participating in the 30th tranche of Retail Treasury Bonds (RTB-30).
Landbank, the country’s second largest universal and commercial bank, is one of the Joint Lead Issue Managers of RTB30, which has the theme, “Kaagapay Mo Sa Buhay.”
RTB-30’S offer period started last Feb. 13 until Feb. 23, Friday this week. The issue date is scheduled on Feb. 28.
The bank’s president and CEO Lynette V. Ortiz enjoined Filipinos to invest in treasury bonds since it “not only offers investors higher financial returns but also the opportunity to take part in nationbuilding.”
“Participating is especially more convenient and easier, now that there are various channels to invest in government bonds,” she said Wednesday, Feb. 21.
Meanwhile, interested investors may purchase a minimum ₱5,000 of the treasury bonds. It has an annual fixed interest rate of 6.25 percent within a five-year term. Interest payments will be paid quarterly during the term of the bond.
Landbank reminded the public that the proceeds from the Bureau of the Treasury issuance “will be channeled towards enhancing the country’s infrastructure, strengthening the agriculture and other essential sectors, and improving the healthcare system, among other national development priorities.”
Investors can purchase RTB30 via the bank’s investment channels. Account holders can buy online placements through the Landbank’s Mobile Banking App.
“This feature is also available via the Mobile Banking App of the Overseas Filipino Bank (Ofbank)—the official digital bank of the Philippine government and a subsidiary of Landbank—allowing Filipinos from 130 countries to conveniently invest in the bond offer,” said the bank.
Other investment avenues are: online placements through the BTR Online Ordering Facility and settle the payments via the Landbank Link.bizportal online payment platform; and over-thecounter placements in all bank branches nationwide.
“Holders of previously issued bonds, namely RTB 03-11 and RTB 05-12, may also exchange and reinvest their bond holdings for the latest bond offer via overthe-counter transactions,” said Landbank.
The BTR promotes RTB-30 as affordable, convenient, and a low-risk investment. It is a shortterm investment but higheryielding than time deposits.
Besides Landbank, there are seven more authorized selling agents including the other government bank, Development Bank of the Philippines. The others are private agents, namely BDO Capital, BPI Capital Corp., China Bank Capital, First Metro Investment Corp., PNB Capital and Union Bank of the Philippines.