- (Updated with the final interest rate.)
- The Philippine government just opened one of the most accessible investment opportunities of the year — and you have until October 7, 2026 to participate.
- The Bureau of the Treasury has officially launched RTB 32 — the 32nd Tranche of Retail Treasury Bonds — a 2.5-year government bond due April 12, 2029 , with a minimum investment of just ₱5,000. If you have ever wanted to invest in something backed by the full faith and credit of the Republic of the Philippines, this is how.
(Updated with the final interest rate.)
The Philippine government just opened one of the most accessible investment opportunities of the year — and you have until October 7, 2026 to participate.
The Bureau of the Treasury has officially launched RTB 32 — the 32nd Tranche of Retail Treasury Bonds — a 2.5-year government bond due April 12, 2029, with a minimum investment of just ₱5,000. If you have ever wanted to invest in something backed by the full faith and credit of the Republic of the Philippines, this is how.
What is an RTB and why should you care?
A Retail Treasury Bond is a peso-denominated debt instrument issued directly by the Philippine government through the Bureau of the Treasury. When you buy an RTB, you are essentially lending money to the government — and in return, the government pays you quarterly interest for the duration of the bond, then returns your full principal when it matures.
RTBs are considered essentially risk-free from a default standpoint — the Philippine government has the taxing power to generate the funds to pay off its debt. It is one of the safest investments available to any Filipino.
The RTB 32 Key Details
Bond Name: RTB 32 — Two and a Half Year Fixed Rate Retail Treasury Bond
Maturity Date: April 12, 2029
Issue Amount: Minimum ₱30 billion
Minimum Investment: ₱5,000 (and multiples of ₱5,000)
Interest Rate: To be determined via Dutch auction — announced September 29, 2026
Interest Payments: Quarterly
Issue Price: At par (100%)
Settlement Date: October 12, 2026
Public Offer Period: September 29 to October 7, 2026
Listed On: Philippine Dealing & Exchange Corp. (PDEx)
The interest rate will be announced on September 29, 2026 — the day the BTr conducts its Dutch auction among Government Securities Eligible Dealers. Whatever rate is determined on auction day is fixed for the full 2.5-year life of the bond.
Taxes on your earnings:
A 20% final withholding tax applies to your quarterly coupon income. Tax-exempt institutions — cooperatives, retirement funds, religious organizations, NGOs — may invest without withholding tax but must present a valid Certificate of Tax Exemption from the BIR.
Note: Senior citizens' interest income on RTBs is not exempt from withholding tax. Passive income is subject to withholding tax regardless of senior citizen status.
How to buy RTB 32 — eight ways:
1. BTr Online Ordering Facility — treasury.gov.ph
The most direct route. Visit the BTr website, click the RTB 32 logo, and follow the steps. Available to holders of individual peso accounts with Chinabank (My CBC Online), LANDBANK (iAccess), or a trading account with FirstMetroSec. Maximum per transaction: ₱500,000. Available 24/7 (except 10PM to 2AM maintenance window). Accessible even from abroad.
2. GCash GBonds — via GInvest in your GCash App
The most accessible option for most Filipinos. Open GCash → GInvest → GBonds icon → create your GBonds account. No bank account needed — you invest directly from your GCash wallet. Must be a fully verified GCash user. Accessible only from within the Philippines. Maximum monthly cash-in for fully verified accounts: ₱100,000.
3. LANDBANK Mobile Banking App (LANDBANK MBA)
Download the LANDBANK MBA → enroll in iAccess → invest during the offer period. Minimum ₱5,000, maximum ₱500,000 per transaction.
4. OFBank Mobile Banking App (OFB MBA)
Designed for Overseas Filipinos and OFWs. Open an OFBank account through the app with just one valid ID in 5 to 10 minutes. Fund via InstaPay, Visa Direct, or remittance. Invest directly from the app.
5. RCBC Pulz
RCBC's digital banking platform — available via mobile app and web browser. Allows investment, management, and tracking of RTB 32 alongside other investment products.
6. ATRAM PRIME App
A mobile-first investment platform. Open an account, cash-in from any bank, and invest during the Public Offer Period.
7. ATRAM PERA App
For investors building their Personal Equity and Retirement Account. Contributions up to ₱200,000 annually (₱400,000 for OFWs), with significant tax benefits — 5% tax credit on contributions, tax-exempt earnings, and tax-free withdrawals at qualified retirement conditions.
8. Over-the-Counter at Selling Agent Banks
For And/Or accounts, ITF accounts, corporate accounts, and those who prefer in-person service — walk into any authorized selling agent bank with your valid ID and minimum ₱5,000.
The Exchange Offer — for those with maturing government bonds:
If you currently hold any of the following bonds maturing soon, the BTr is offering you the option to exchange them directly for RTB 32 rather than waiting for cash redemption:
RTB 15-01 | 6.250% interest | Maturing October 20, 2026 | Repurchase Price: 100.01
FXTN 20-13 | 8.000% interest | Maturing December 7, 2026 | Repurchase Price: 100.30
FXTN 03-30 | 6.000% interest | Maturing January 4, 2027 | Repurchase Price: 100.01
RTB 15-02 | 5.375% interest | Maturing March 1, 2027 | Repurchase Price: 99.79
RTB 05-15 | 4.875% interest | Maturing March 4, 2027 | Repurchase Price: 99.59
Exchange offers must be submitted through authorized GSEDs by October 7, 2026 at 12:00 noon. Settlement is October 12, 2026.
Is RTB 32 right for you?
RTB 32 is well-suited for Filipinos who want a safe, government-guaranteed investment with regular quarterly income and a clear maturity date. With a minimum of ₱5,000, it is accessible to a far broader range of investors than most traditional financial products.
It is less suited for those who need their money back immediately — while RTB 32 can be sold on the secondary market before maturity through PDEx, the sale price depends on prevailing market rates and may be higher or lower than your original investment. If you sell before maturity, your principal is not guaranteed.
For investors currently keeping idle money in a zero-interest bank account who have funds they can set aside for 2.5 years — RTB 32 at a government-guaranteed rate, paid quarterly, with full principal return at maturity, is one of the most straightforward and credible options available this quarter.
The offer period closes October 7, 2026 — or earlier if the BTr deems subscriptions sufficient. Do not wait until the last day.
Find more financial product options on the KasKasan Buddies App.
Download here: https://www.kaskasanbuddies.com.ph/download?source=web
Share this with every Buddy who has been waiting for a safe, accessible investment option. RTB 32 is open now. 📈
Sources: Bureau of the Treasury — RTB 32 Notice of Offering, September 23, 2026 (Treasurer of the Philippines Sharon P. Almanza). RTB 32 Frequently Asked Questions, September 29, 2026 (BPI Capital). Official Public Offer Period: September 29 to October 7, 2026. Settlement Date: October 12, 2026. Full details and online ordering at treasury.gov.ph.