PH Embassy in Singapore Hosts Financial Literacy Seminar on Retail Treasury Bonds
PHOTO: The Philippine Embassy in Singapore hosted a financial literacy seminar for around 140 Filipinos on retail treasury bonds (RTBs) on 23 February 2019.
The seminar was conducted by Bureau of Treasury Deputy Treasurer Sharon P. Almanza as one of their roadshows to launch the 22nd Tranche of RTBs and the first Online RTB Ordering Platform.
The talk discussed the features of the different types of government securities including RTBs, Treasury Bills, Fixed Rate Treasury Notes, Republic of the Philippine Bonds, Samurai Bonds and Global Bonds. The talk also provided information on how overseas Filipinos can purchase RTBs.
Development Bank of the Philippines Manager Henson G. Casalem also gave a talk on the relevance of banks as one stop shops for financial solutions and the basic requirements to accomplish in order to purchase RTBs.
The 22nd Tranche of RTBs was launched on 26 February and will be offered until 8 March 2019.
The Bureau of Treasury assured that RTBs are safe and affordable (minimum investment of 5,000 pesos) with higher expected interest rate than bank deposits. Overseas Filipinos may purchase RTBs through the Bureau of Treasury website or through authorized selling banks. (Singapore PE photo)