- Offer Details:
Issuer: Republic of the Philippines
Term: 5 years
Maturity Date: February 28, 2029
Minimum Amount: ₱5,000, in multiples of ₱5,000
Interest Payment: Quarterly
Final Interest Rate: 6.25%*
*subject to 20% final withholding tax
Offer Period: Feb. 13 to Feb. 23, 2024 12PM
Issue Date: Feb. 28, 2024
- What are the requirements for investing in RTB 30 online?
1. An individual account with FirstMetroSec
If you do not have a FirstMetroSec account yet, account opening is quick and easy upon submission of complete requirements through the FirstMetroSec GO mobile app. Click HERE to learn how.
2. Sufficient cleared/withdrawable cash in your FirstMetroSec trading account
No printed forms nor branch visits are required to invest in RTBs. You can fund your FirstMetroSec account through any of these channels.
- How to buy RTB 30?
1. Go to the Bureau of the Treasury’s website (www.treasury.gov.ph) and click on the RTB offering.
2. Agree to the terms and click “Ready to Order”.
3. Choose First Metro Securities Brokerage Corp. as your settlement bank.
4. Once redirected to the FirstMetroSec payment page, enter your username and password.
5. Review your order details and click “Confirm”.
- Is there a maximum amount per transaction?
Yes, up to ₱500,000 per transaction. For higher amounts, you may order multiple times during the offer period.
- Is there a fee to buy RTB 30?
None. There is no charge when availing bonds in the primary offering.
- Can RTB 30 be purchased from abroad?
Yes, as long as you have an individual FirstMetroSec account and sufficient cleared/withdrawable funds in your account. Disclose your location (Country of Placement) when ordering from the Bureau of the Treasury website. You may also email ofwdesk@firstmetrosec.com.ph for assistance.
- Why invest in RTBs?
RTBs are affordable, low risk, accessible online through FirstMetroSec, and give quarterly interest payments.
- Is the interest guaranteed?
RTBs are considered to have the lowest credit risk because they represent direct and unconditional obligations of the government, thereby enjoying the highest certainty of payment. The yield is assured if the bond is held until maturity; otherwise, it will be subject to interest rate risk depending on the prevailing market rate at the time the RTBs are sold in the secondary market.
- What is an investor's proof of ownership?
A Notice of Successful Payment (NOSP) will be sent to your registered email address immediately after purchase. After the listing date, the Confirmation of Outright Sale and nRoSS Summary of Transactions will be downloadable from your FirstMetroSec account.
Go to Account > Reports > Statements > Confirmation of Sale/Bond Certificates.
- Can I sell RTB 30 anytime?
Yes, subject to the prevailing market price at the time of selling. Click HERE for instructions.
- What is a Bond Exchange and how can I participate?
If you are an investor with RTB 25 (RTB 3-11) bond holdings which will mature on March 9, 2024, you are eligible to participate in the Exchange Offer. The same amount of principal from your RTB 25 investment will automatically be transferred for continuation to RTB 30. Thus, there will be no cash out needed.
To participate, accomplish, sign (wet signature only), and email the Bond Exchange Letter of Instruction with “Bond Exchange” as subject to customerservice@firstmetrosec.com.ph on or before Feb. 23, 2024, 9:00 AM.
You can also submit the signed letter as an attachment through our Help Center. Simply enter your registered email, your full name, FirstMetroSec account number, and amount. Select Products and Services, then Bonds under Area of Concern, then attach the letter before clicking Submit.
- Will interest payments for RTB 25 still be given after exchanging it to the new RTB 30?
You will still get the accrued interests from RTB 25 up to the issue date of RTB 30 (February 28, 2024), to be automatically credited to your FirstMetroSec account. Moving forward, you will receive the interest payment from RTB 30 up to its maturity date.
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