Brief
Philippines raises ₱167.25 billion in 32nd retail Treasury bond tranche
The 32nd tranche of Philippine retail Treasury bonds drew ₱84.86 billion in the initial auction and ₱82.39 billion in the public window, topping the government's target.
By Felo News Desk · Published
Manila, Philippines – The Philippine government announced on October 12 that the 32nd tranche of Retail Treasury Bonds (RTB 32) raised ₱167.25 billion ($2.91 billion), surpassing the ₱150 billion target set by National Treasurer Sharon P. Almanza.
What happened
The bond issue was split into two phases. The initial rate‑setting auction on September 29 generated ₱84.86 billion ($1.48 billion). A subsequent public offering window, running from September 29 through October 7, attracted an additional ₱82.39 billion ($1.43 billion). The 2.5‑year bond carries a 6.875 % annual coupon, paid quarterly, and will mature on April 12 2029.
What the reports add
Gulf News notes that analysts see the bond’s potential inclusion in global benchmark indices such as the JPMorgan Government Bond Index‑Emerging Markets (GBI‑EM) as a strategic catalyst for Philippine sovereign debt. Inclusion could draw international benchmark‑tracking funds, deepen market liquidity and lower future borrowing costs.
What was said
National Treasurer Sharon P. Almanza is quoted in the Gulf News piece as having set the original ₱150 billion target. The article does not provide a direct quote from her, but attributes the target figure to her office.
How it came about
Retail Treasury Bonds have been marketed to Filipino investors with a low entry barrier of ₱5,000. The latest tranche was made available through mobile and digital platforms, including the LANDBANK Mobile Banking App, GCash GBonds and PDAX, to broaden participation. The government intends to channel the proceeds to health, education, infrastructure and agriculture programmes, while offering overseas Filipino workers a low‑risk savings vehicle.
Key facts
- The 32nd retail Treasury bond tranche raised ₱167.25 billion ($2.91 billion). (gulfnews.com)
- The bond’s coupon rate is 6.875 % with quarterly payments, maturing on 12 April 2029. (gulfnews.com)
- Initial auction on 29 Sept generated ₱84.86 billion; public window through 7 Oct added ₱82.39 billion. (gulfnews.com)
- National Treasurer Sharon P. Almanza set the original target at ₱150 billion. (gulfnews.com)
- Bonds were sold via LANDBANK app, GCash GBonds and PDAX. (gulfnews.com)
Sources
- [1] gulfnews.com — originally reported as “Big win: Manila bests target, raises ₱167. 25 billion ($2. 91 billion) in retail Treasury bonds”
