Govt raises P113B from RTB offeringhome/Business/Top Business/Govt raises P113B from RTB offeringTHE government raised P113 billion — more than three times the amount initially considered — as it launched its latest retail treasury bond (RTB) offering. “Through financial technology, we are also allowing OFWs to participate in our RTB offering even if they are miles away from home,” she added. The DBP and Landbank are the joint issue lead managers for the RTB offering, while BDO Capital & Investment Corp. , BPI Capital Corp. , China Bank Capital Corp., FirstMetro Investment Corp., RCBC Capital Corp., and SB Capital Investment Corp. as have been named issue managers. The latest RTB offering is the fifth for the Duterte administration following two in 2017 (April and November), one in September 2016 and one in May 2018. At P30 billion, the size is similar to the last RTB sale, which ended up with the government selling four times that or P121 billion.

Source: Manila Times February 26, 2019 16:52 UTC