Daily News

BTr to offer retail bonds next week

The Bureau of the Treasury (BTr) will offer retail Treasury bonds (RTBs) for the second time this year to take advantage of low rates and boost state coffers for its COVID-19 response. Last February, it raised a record P310.8 billion from its sale of RTBs — comprised of P250 billion from “new money” and P60.8 billion from the exchange offer program. ING Bank Manila Branch Senior Economist Nicholas Mapa said they expect the tenor to be between three to seven years but shorter than 10 years after BTr’s sudden shift of its borrowing program for this week to 10-year Treasury bonds (T-bonds) from the initial plan to offer seven-year bonds.