The coupon rate of the 10-12 months RTB stood at 3.Five percentage, or seventy one.8 basis points under the previous average of 4.218 percentage and higher than the secondary marketplace charge of 3.4208 percent.
This represents the 18th tranche of retail bonds issued via the bureau, and the first beneath the Duterte management.
“The increased issuance pursuits to ensure that the RTB attains its dreams of accomplishing a extensive investor base, promoting savings and funding focus amongst Filipinos, and mobilizing domestic financial savings,” the bureau stated.
Dealers that qualify as selling marketers have been given incentives to sell at the least half in their allocated volumes to retail investors, it brought.
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