The Bureau of the Treasury (BTr) expands access to its 31st Retail Treasury Bond offering for everyday investors via GBonds in the GCash app
For the first time ever, the
Philippine government’s Retail Treasury Bonds (RTB) have been made available on
an e-wallet platform, as the Bureau of the Treasury (BTr) enables small
investors to purchase government securities through the GBonds feature of
GCash.
“We are thrilled to bring RTB 31 to the GCash app. This
collaboration significantly expands our reach, enabling more Filipinos to
invest in government securities easily and securely. It’s a monumental step
toward our goal of a more financially inclusive Philippines, giving more people
the opportunity to build their savings and contribute to the nation's economic
growth,” said the Treasurer of the Philippines, Sharon Almanza.
The BTr initially planned to issue a minimum offer size of P30
billion for the five-year (5Y) RTBs, but due to strong investor demand, it
eventually sold P210 billion during the rate-setting auction which resulted in
a 6% coupon rate.
GCash users who sign up for GBonds can instantly place a buy order
for the government’s 31st Retail Treasury Bond Issuance (RTB 31) from August 5
until the end of the offer period on August 15.
“For a minimum investment of P5,000 with no extra fees, GCash
users can instantly place a buy order for RTB 31 anytime within the offer
period once they sign up for GBonds. More Filipinos will have the chance to
take part in nation-building while taking a significant step toward their
financial goals through this innovation,” said Martha Sazon, president and CEO
of GCash parent Mynt.
“In making RTBs more accessible to millions more Filipinos, we’re
also enabling retail investors to contribute to the P2.6 trillion borrowing
program of the government to fund essential projects,” she added.
Powered by Philippine Digital Asset Exchange (PDAX), Inc. and
Bonds.ph, in partnership with the Bureau of the Treasury, GBonds became
available to the public in July, allowing fully verified users to access
fixed-income government securities without the need for a bank account.
Filipinos can place their bond investment order and get confirmation in a few
minutes in the GCash app.
Getting started on GBonds is easy and simple. Fully verified GCash users with an updated KYC within the past 3 years just need to open the app, go to GInvest, select GBonds, and register for a PDAX account, subject to their terms and conditions, to complete the registration process.
To get a fully verified GCash account, users are encouraged to go through the KYC process within the app ahead of starting on GBonds. This involves providing personal information, uploading a valid government ID, and completing a selfie scan. For more information, visit the Help Center.
For updates about the Bureau of the Treasury’s latest offerings,
visit www.treasury.gov.ph and
like/follow their Meta Page at TreasuryPH.
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