| Fixed Rate Treasury Notes |
| Product Definition |
Retail Treasury Bonds (RTBs) are direct and unconditional obligations of the national government which primarily caters to the retail market or the end-users. They are issued by the Bureau of Treasury (BTr). They are interest bearing and carry a term of more than one year and can be traded in the secondary market before maturity.
Retail Treasury Bonds are safe, liquid and offer attractive returns to investors.
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Features:
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| Issuer | : | National government |
| Term | : | 3 and 5 years |
| Tax feature | : | Interest income subject to 20% final withholding tax |
| Type of income | : | Tax paid income |
| Rate | : | Fixed for the life of the RTBs |
| Coupon payment period | : | Payable quarterly in arrears |
| Interest computation | : | Simple interest/add-on |
| Manner of purchase | : | Auction or through secondary market |
Retail Treasury Bonds are issued and sold at a price equal to be face value and are redeemed at maturity for the full face value of the instrument plus interest/coupon of the last period. |
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