Public can now purchase gov’t treasury bonds through GCash

The investing public can now purchase the government’s 31st offering of the Retail Treasury Bonds (RTB 31) through e-wallet platform GCash’s GBonds feature.

“We are thrilled to bring RTB 31 to the GCash app. This collaboration significantly expands our reach, enabling more Filipinos to invest in government securities easily and securely. It’s a monumental step toward our goal of a more financially inclusive Philippines, giving more people the opportunity to build their savings and contribute to the nation's economic growth,” said Treasurer of the Philippines Sharon Almanza.

The government, through the Bureau of Treasury (BTr), raised P210 billion during the rate-setting auction for the five-year RTB 31 with a gross interest rate of 6% per annum.

The Treasury’s auction committee upsized the initial offer size of P30 billion after total bids submitted stood at P354.2 billion.

The public, including GCash users who signed up for GBonds, can place a buy order for the RTB 31 from August 5 until the end of the offer period on August 15.

“For a minimum investment of P5,000 with no extra fees, GCash users can instantly place a buy order for RTB 31 anytime within the offer period once they sign up for GBonds. More Filipinos will have the chance to take part in nation-building while taking a significant step toward their financial goals through this innovation,” said Martha Sazon, president and CEO of GCash parent Mynt.

“In making RTBs more accessible to millions more Filipinos, we’re also enabling retail investors to contribute to the P2.6 trillion borrowing program of the government to fund essential projects.''

Powered by Philippine Digital Asset Exchange (PDAX) Inc. and Bonds.ph, in partnership with the Treasury, GBonds became available to the public in July, allowing fully verified users to access fixed-income government securities without the need for a bank account.

Filipinos can place their bond investment order and get confirmation in a few minutes in the GCash app.

Fully verified GCash users with an updated KYC within the past three years just need to open the app, go to GInvest, select GBonds, and register for a PDAX account, subject to their terms and conditions, to complete the registration process. —VBL, GMA Integrated News