The government has generated an initial P192.70 billion from the launch of its latest retail treasury bonds (RTB) offer, according to the Bureau of the Treasury. The amount was more than six times the P30-billion issue size announced by the Treasury last week. Total tenders for the bond reached P278.57 billion on the first day of the public offer period that ends on August 7. To ensure the greater participation of individual investors, the bonds could be bought through online channels. At P30 billion, the offer size is similar to the last RTB sale, which ended up with the government selling more than eight times that amount or P250 billion.

Source: Manila Times July 16, 2020 18:10 UTC