Bureau of Treasury Introduces Premyo Bonds
The branch directed a learning session on government investment in bonds with John Paul Tan as the resource speaker from Bureau of Treasury who talked about “Premyo Bonds” on December 6, 2019. This is in line with the 2019 National Government Employees Week bearing this year’s theme “Makabagong Kawani ng Pamahalaan, Itaguyod ang Pagsulong ng Kaunlaran,” OIC-DirectorAerrine Marie R. Reyes announced today.
The session was about investment securities issued by the Republic of the Philippines through the Bureau of Treasury. The Premyo bonds are part of the government’s savings mobilization program designed to make government securities available to retail investors.
“The BTr is offering at least P3-billion premyo bonds which lasts only from November 25 to December 13, 2019. Issue date is targeted on December 18, 2019. Maturity date will on December 18, 2020. This investment gives many benefits such as sovereign backing, frequent interest payments, relatively higher yield and is convenient and affordable. The purpose of this is to promote financial literacy by investing in legitimate organizations. This is to encourage investments and put your money in the bank rather than keeping it or investing in illegitimate institutions,” Tan announced.
Everyone is invited to participate in this offer. Qualifications include any individual having current or savings account of a Philippine bank account, must not have access or administrative oversight over the Premyo Bonds rewards application system and must not be a member of the Rewards Committee as indicated in the guidelines of BTr.
“Premyo bonds are available in six banks namely Banco de Oro with branches in Felcris Centrale and Calinan, Development Bank of the Philippines, First Metro Investment Corp. under Metro Bank, Land Bank of the Philippines, China Bank Corporation and Philippine National Bank. Interested persons may go directly to the bank and inquire about the bonds or logon to their website www.treasury.gov.ph. This has an interest rate of 3%,” Tan added.
For every 500 placement entitles an individual one premyo bond. Raffle of entries will be drawn every quarter the following year. They will be giving out four winners for P1Million plus one condominium unit, 10 winners for P100,000.00 and 50 winners for P20,000.00.