Retail Treasury Bonds (RTBs)


RTBs have different tenors ranging from 3 years to as long as 25 years. Unlike time deposits, RTBs are not insured by PDIC. 

For primary issuances, investors can invest a minimum of PHP 5,000. For secondary issuances, minimum investment amount is PHP500,000. 

RTBs pay out fixed quarterly interest in Peso. The interest is computed based on the bond’s interest rate and subject to 20% withholding tax. 

You will receive interest on a quarterly basis during the term of the bond. 

RTBs are virtually risk-free as it is backed by the government who has full taxing power and the ability to print money. However, the bond’s market price is subject to fluctuations based on prevailing economic conditions. If an investor wishes to sell the bond before maturity, losses may be incurred due to a drop in the bond’s market value. 

RTBs are not covered by PDIC Insurance. 

Yes, this can be done by selling the RTB at the prevailing market price. Note that the price can rise or fall over time, and you may incur gains or losses if you sell before the bond’s maturity. 

Visit or contact the China Bank branch nearest you to inquire about detailed steps. 

Prior to investing, you will be asked to complete a Client Suitability Assessment. This is to determine your risk profile and suitability for investment. The assessment considers your investment knowledge and experience, investment objective, the amount you are willing to invest, how long you can stay in the investment, and how much risk you are prepared to take. 

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