Philippine Embassy, Canberra
1 Moonah Place, Yarralumla, ACT 2600
www.philembassy.org.au *Tel. No. 02-6273-2535*
PH to launch low-risk Retail Dollar Bonds;
show in Australia held on 10 August
CANBERRA (11 August 2021) – The Bureau of the Treasury of the Philippines led a roadshow to introduce its new retail bond offering, Retail Dollar Bonds (RDBs), to overseas Filipino investors in Australia on 10 August 2021.
In her welcome remarks, Philippine Ambassador to Australia Ma. Hellen B. De La Vega said, “The Bureau of the Treasury has been very proactive in opening opportunities for overseas Filipinos to save and invest, including the introduction of digital platforms to facilitate the participation of investors overseas.”
RDBs are US$-denominated government bonds that provide retail investors the opportunity to invest in a low-risk investment security, with a minimum investment of US$300 and no fees involved. According to the Bureau of the Treasury, the National Government will assume the withholding tax on interest income, allowing investors to earn full interest on their principal.
RDBs are also a way for Filipinos to take part in nation-building as proceeds raised from RDBs will be directed towards the country’s priority programs.
The online event provided a forum for interested Filipino investors in Australia to engage government and bank representatives. The participants were pleased to know that while they are based overseas, there are ways for them to invest through online accounts with participating banks such as Overseas Filipino Bank. Further details on the RDBs including the launch date of the bond offering are available at the website and social media accounts of the Bureau of the Treasury. END