Bureau of the Treasury Issues 2.5-Year Retail Treasury Bonds Due 2029 (RTB 32)

The Philippine government continues to champion financial inclusion and secure investment pathways for everyday Filipinos. The Bureau of the Treasury (BTr) has officially released its Notice of Offering for the 32nd tranche of Retail Treasury Bonds (RTB 32).

​Hitting a major milestone, this issuance marks the 25th anniversary of the government’s retail bond program, which has long allowed small savers and institutional investors alike to participate directly in nation-building.

Here is everything you need to know about the upcoming 2.5-year Fixed Rate Retail Treasury Bonds Due 2029, complete with an exciting Exchange Offer.

Key Highlights of the RTB 32 Issuance
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• Issue Size: A minimum aggregate nominal principal amount of P30 billion (with strong potential for an upscale depending on market demand).
• Term & Maturity: 2.5 years, maturing in April 2029 (exact maturity date tied to the official settlement date).
• Investment Accessibility: Retaining its core mission of inclusivity, the bonds will be sold in minimum denominations of P5,000, and in multiples of P5,000 thereafter.
• Pricing & Redemption: Issued at par (100%) and payable at par upon maturity.

Critical Timetable to Remember

If you are planning to participate in the public offering or take advantage of the bond swap, mark these dates in your calendar:

• Auction Date & Start of Public Offer / Submission of Exchange Offers: September 29, 2026
• End of Public Offer Period & Submission of Offers: October 7, 2026 (Note: BTr may close earlier if warranted)
• Issue Date / Settlement Date: October 12, 2026

What is the Exchange Offer?

Alongside the fresh public offering, the BTr has incorporated an Exchange Offer. This provision invites current holders of specific maturing or existing government securities to swap their eligible holdings seamlessly for the new 2029 RTBs.

• Eligible Bonds for Exchange: Holders of RTB 15-01, FXTN 20-13, FXTN 03-30, RTB 15-02, and RTB 05-15 are eligible to participate.
• How to Participate: Eligible participants can submit their exchange offers electronically through their respective National Registry of Scripless Securities (NRoSS) terminals following the standard BTr guidelines.

Why Invest in RTB 32?

• Low Risk, Government-Backed: Retail Treasury Bonds are direct, unconditional obligations of the Republic of the Philippines, making them one of the safest asset classes available to local investors.
• Portfolio Diversification: The 2.5-year tenor provides a strategic short-to-medium-term horizon, perfect for balancing fixed-income portfolios.
• Legacy of Inclusion: For 25 years, RTBs have democratized wealth creation, ensuring that ordinary citizens can earn steady yields while funding critical infrastructure, healthcare, and economic recovery programs.

 
Read: What Are Retail Treasury Bond (RTBs) And How To Invest?
Read: How To Register In Bonds.PH And Start Investing In The Philippine Bonds 

How to Get Started

Interested investors can course their applications through authorized selling banks, financial institutions, or via the official online ordering platforms provided by the Bureau of the Treasury.