Let me first relate this to this newsflash. Please see link.
So what are Retail Treasury Bonds?
The Philippine Retail Treasury Bond (RTB) is a direct and unconditional obligation of the Philippine government generally considered a safe and liquid investment opportunity. The RTB, issued by
the Bureau of Treasury (hence the name), is one way for the government to raise needed funds.
the Bureau of Treasury (hence the name), is one way for the government to raise needed funds.
It is safe because it is fully backed by the government and rarely does a government, It is called Retail because at Php5,000 minimum investment, even individuals can invest here.
The requirements to make a placement in RTBs are the following:an existing savings account;an Investor’s Undertaking Form (provided by the bank);
a Special Power of Attorney form (also provided by the bank); a valid ID; and the money (minimum Php5,000; increments of Php5,000).
Watch out for details most likely from DBP (Development Bank of the Philippines).
So paano, unahan tayo?
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