Government eyes P25 billion from sale of RTBs

MANILA, Philippines – The government is hoping to raise at least P25 billion from the sale of three-, five- and seven-year retail Treasury bonds (RTBs) this month, National Treasurer Roberto Tan said yesterday.

The Bureau of the Treasury (BTr) will auction a portion of the bonds on Sept. 15 to determine the yields, Tan said.

He said the government is planning to sell P10 billion worth of three-year bonds, another P10 billion in five-year bonds and P5 billion in seven-year bonds.

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