PDAX introduces PH Government Bonds on its Platform (Setting Up and Purchasing Bonds)

PDAX is now more than just a crypto app because it introduced the availability of Philippine Government Bonds on its platform.

If you are looking for more new ways to diversify your investment portfolio, you may consider the Treasury Bonds that are newly offered by PDAX.

​With just a few taps, you can instantly invest in the Treasury Bonds that the Philippine Government offered and do the work by bringing in more earnings to your bank account.

​Treasury bonds, which are now available on the PDAX Platform, are safe and secure investments with an annual yield of 5.75% (subject to change) and no investment or capital cap. The Philippine Government backs the Treasury bonds through the Bureau of the Treasury, and you will receive returns on your investment 91 days after the offer period expires.

Are bonds subject to tax?

Yes, the interest on bonds is normally taxed. Interest on monetary instruments is subject to a 20% final withholding tax in the Philippines.​

What is the minimum and maximum investment amount per trade?

The minimum trading amount for each transaction, according to PDAX, is PHP 500 with a PHP 1.00 increment (i.e., you can order PHP 500 or PHP 501 but not PHP 501.50). A single-buy order has no defined maximum investment amount. You must, however, confirm that you have sufficient finances prior to making the purchase.

What are the fees when purchasing bonds on PDAX?

​PDAX and Bonds.ph currently state that there are no costs for purchasing Treasury bonds on their platform. Please keep in mind that this pricing structure is subject to change in the future.

How do I set up a Bonds account on PDAX?

Prior to transacting, you will need to set up a Bonds account. The process is as follows:

1.Select any of the following:

• “Create Bonds Account” link on the Bonds Balance of the Portfolio Home Page
• Trade Page then select the “Bonds Token Pair” 
• Bonds Icon from the Home Page

2. Make sure to read, understand, and accept the Legal Agreements before proceeding to set up your account.

3. Submit the additional KYC Information such as SSS/GSIS Number, TIN Number, and Mobile Number, if it doesn’t exist on your PDAX Account

4. Review and submit your application once you are confident that all the information you have provided is correct.

How do I purchase bonds on PDAX?

1. Update your PDAX Account to at least Tier Level 2 (Verified). 

2. Create a Bonds Account

The creation of the Bonds account would be done after the additional KYC has been completed by the user. An email notification will be sent once the account has been set up. You may refer to the FAQs on “How do I set up a Bonds account?”.

3. Fund your account

Ensure that you have sufficient funds to cover the cost of the bonds you wish to purchase. You may fund your account using any of our existing cash-in partners. Click here to guide you on how to fund your account.

4. Proceed to Trade

Click Trade then click the “Bonds” filter. Select which of the BOND/PHP Pairs align with your investment goals and preferences. Bonds would only be available on the app during the offer period and you may only purchase this within the said time frame. You can find the details of the current offer period here. 

5. Place your buy order

Specify the face value of the bonds you wish to purchase when placing the buy order within the offer period.

6. Order has been placed

After placing the order, you will be notified both in-app and through email that the order has been placed.

7. Receive bond order results via email

On the bond’s auction date, the allotment email will be sent out. This contains the results of the bond order, which may be awarded in full, partial, or no allotment. 

8. Receive Confirmation of Sale via email

On the bond’s issue date, if you are partially or fully awarded, the Confirmation of Sale would be sent out via email indicating that you have successfully purchased bonds on PDAX.

If by any chance you notice any mismatch in the confirmation of sale, contact us immediately.

9. Matured Bonds

On the maturity date, the face value equal to the specific bond token will be credited to their PDAX account.  The bond tokens that have matured will be removed from their assets on the portfolio.

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​The best part is that you no longer need to visit the bank to purchase bonds! You can simply download the PDAX app and sign up for a bond account to buy, sell, and trade.