The government will issue next week P30 billion worth of retail treasury bonds (RTB) to promote financial literacy and inclusion in the country, the Bureau of the Treasury (BTr) said on Thursday. “The Bureau of the Treasury (BTr) will be putting on the auction block at least P30 billion worth of retail treasury bonds on Tuesday, 28 March 2017,” the BTr said. The minimum offer of P30 billion was oversubscribed by 233 percent. Retail treasury bonds offer an opportunity for the investing public to access affordable and higher-yielding instruments compared to regular time deposits, the bureau said in a statement. Financial literacy opens up more economic opportunities for Filipinos, beyond relying on a single source of income, it said.

Source: Manila Times March 23, 2017 17:37 UTC