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Treasury eyes repeat of premyo bond sale as over P4 billion raised amid Christmas season

By: - Reporter / @bendeveraINQ
/ 04:08 PM December 13, 2019

The Bureau of the Treasury could launch another round of “premyo” bond sale next year as this year’s offer raised over P4 billion to be infused into the budget to fund the government’s priority programs and projects.

In a text message on Friday, National Treasurer Rosalia V. de Leon said the Treasury “will recommend to Finance Secretary Carlos G. Dominguez III a repeat performance” of the premyo bonds offer.

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As of 1 p.m. Friday, the Treasury already sold more than P4 billion of the one-year IOUs, de Leon said.

The premyo bonds were made available to individuals, associations (such as non-stock and loans associations as well as employee associations), cooperatives, employee retirement funds, provident funds, and trust entities (except collective investment schemes or CIS, mutual funds, and UITFs) until 3 p.m. Friday.

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De Leon had said that up to 90 percent of investors were individuals.

Edited by TSB
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TAGS: Bonds, Business, Investments
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