Fixed Rate Treasury Notes

Invest in the Bureau of The Treasury's Fixed Rate Treasury Notes
Offer period is from April 15-24, 2025

 
 

Invest in Fixed Rate Treasury Notes

 
The Republic of the Philippines is offering new 10-year peso-denominated Fixed Rate Treasury Notes ("FXTNs") due 2035, with a minimum issue size of PHP 30 billion. The FXTNs offer investors a secure investment option that pay semi-annual interest and are backed by the full faith and credit of the Republic. The final coupon will be set via Dutch auction on April 15, 2025. Full details are available in the Notice of Offering posted on the Bureau of the Treasury website. (Notice of Offering and Annexes (Issuance of New Ten (10)-year Fixed Rate Treasury Notes Due 2035) | Bureau of the Treasury PH)
 
The public offer period runs from April 15 to 24, 2025, but may close earlier at the discretion of the Bureau of the Treasury. The FXTNs will be listed on PDEx and are eligible under key regulatory frameworks.
 
For further inquiries, please course these through reyes.josephalphonse@bdo.com.ph or tanqueco.joanamarie@bdo.com.ph
 
 

 

Terms of the offering
Issuer Republic of the Philippines through the Bureau of The Treasury
Issue Fixed Rate Treasury Notes
Issue Date April 28, 2025
Maturity Date 10 years from Issue Date
Public Offer Period* April 15-24, 2025
Minimum Investment PHP 10,000,000.00

and integral multiples of PHP 1,000,000.00 thereof
Coupon Rate 6.375 % p.a.
Taxation** A 20% final tax shall be withheld, for the account of the noteholders
Frequency of Interest Payments Semi-Annual (In arrears on the last day of each 6-month Interest Period)
Status Direct, unconditional, unsubordinated and general obligations of the Republic
Eligible Investors Corporates, Cooperatives, Retirement Funds, Provident Funds, Other Institutions, Individuals

 

How to Invest

 

Public Offer Period

 

Schedule for Dealers to submit orders through NRoSS:


April 15, 2:00 PM to 4:00 PM

April 16 to 24*, 9:00 AM to 4:00 PM

 

*BTr has discretion to shorten the Public Offer Period

 

 

Mode of Purchase

 

FXTNs may be purchased through BDO Unibank, which is an authorized Dealer, during the Public Offer Period

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