Retail Treasury Bonds (RTB)
Investors can now avail of government bonds through PayMaya
Individual investors can now avail of the government's upcoming Retail Treasury Bonds (RTB) offering through their PayMaya accounts.
In a statement on Wednesday, PayMaya said it teamed up with Bonds.Ph to allow small individual investors to avail of the P30-billion issuance this week.
Bonds.Ph is a new online investment platform powered by the Philippine Digital Asset Exchange (PDAX), where investors can add funds to their accounts using their registered mobile numbers.
This comes as the Bureau of the Treasury (BTr) is set to raise as much as P30 billion from its five-year RTBs to be offered from Thursday, July 16, 2020 to August 7, and to be settled on August 12.
"We have always envisioned to provide Filipinos with affordable and secure investment instruments where they can invest and at the same time aid the government in raising funds especially at this time," National Treasurer Rosalia de Leon was quoted as saying in the statement.
"So we opened up our next Retail Treasury Bond offering to an online platform like Bonds.Ph that allows investors to use e-wallets like PayMaya to invest in RTBs," she added.
Prospective investors can invest as low as P5,000, up to an aggregate amount of P500,000. Transactions through PayMaya will be charged P5.00.
"Opening up various online channels that allows Filipinos to invest will ensure a wider participation from individual investors, particularly for this offering," said de Leon. -MDM, GMA News