Those who want to win up to P1 million in cash while also investing their hard-earned money, mark your calendars: the Bureau of the Treasury will launch the much-awaited “premyo” bonds on Monday, Nov. 25.
In an advisory on Wednesday, the Treasury said the one-year premyo bonds would “provide individual investors, associations and cooperatives an opportunity to invest in government securities while giving them a chance to win cash prizes for a minimum investment of only P500.”
The launch will be held at the state-run Development Bank of the Philippines, one of the six joint coordinators of the upcoming bond sale. The other joint coordinators are Land Bank, BDO, China Bank, Philippine National Bank and First Metro Investment.
According to the Treasury, Landbank would sell the bonds online, while the debt paper would be made available by other banks over-the-counter.—BEN O. DE VERA