Also known as sovereign notes or bonds, these are certificates of indebtedness that are unconditionally guaranteed and backed by the fully taxing power of the Philippine Government.
  • Minimum investment of Php 5,000 for RTB primary issuance and Php 100,000 on all secondary market deals
  • Fixed-income instrument
  • Risk-free investment issued by Bureau of Treasury-Republic of the Philippines
  • Yield enhancement and capital appreciation potential

Choose from these variants:

Features Treasury Bills (T-Bills) Retail Treasury Bonds (RTBs) Fixed Treasury Notes (FXTNs)
Description Most actively traded zero-coupon debt instrument Debt instruments that promise to pay a specific sum of money with frequent fixed rate coupon payments at a specified future date.
Investor Profile Short Term 91-364 days (less than one year) Long Term from 3-25 years from original issue date Mid Term From 2-20 years from original issue date
Coupon Payment Discounted (Advance Interest) Quarterly Semi-annual
Taxes Subject to 20% withholding
Required Documentation Commitment Letter
Client Suitability Assessment (Individual or Corporate) Risk Disclosure
Investor's Undertaking


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