Available bonds on GBonds
GBonds offers Philippine government bonds, which are backed by the national government. This makes them low-risk investments that are suitable for both beginners and experienced investors.
GBonds offers two main kinds of government bonds:
Treasury Bills (T-Bills)
T-Bills are short-term government bonds. They are for people who want low risk and to invest for a short time.
- Time period: Less than 1 year. Only 91-day T-Bills are in GBonds now.
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How you earn:
- You buy T-Bills at a lower price.
- At the end (maturity), you get the full value.
- Your earnings are the difference.
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When you get your money:
- You get your money only at maturity.
- You cannot sell early in GBonds.
If you invest PHP 500 in a T-bill with 5.4% interest p.a.:
- Gross Interest: PHP 500 * (5.4% * (3 months / 12 months)) = PHP 6.75
- Withholding Tax (20%): PHP 6.75 * 20% = PHP 1.35
- Net Interest Earned: PHP 6.75 - PHP 1.35 = PHP 5.40
At maturity, you will receive your principal amount and interest earned = PHP 505.40.
Retail Treasury Bonds (RTBs)
RTB32 is a long-term, peso-denominated, fixed-rate government bond issued by the Republic of the Philippines through the Bureau of the Treasury (BTr). It gives you regular income through quarterly interest payments over its 2.5-year term.
- Minimum investment: PHP 5,000, with additional investments in increments of PHP 5,000.
- Coupon rate: 6.875% per year.
- Time period: 2.5 years, from the Issue/Settlement Date on October 12, 2026 to the maturity date on April 12, 2029.
How you earn
- Regular interest: You receive interest every 3 months. Interest payments are credited directly to your GBonds trading wallet.
- Money back at maturity: You receive your original investment when the bond matures, subject to the applicable bond terms.
- Extra earnings or loss from early sale: You may sell your RTB32 before maturity. The sale price may be higher or lower than what you originally paid because it depends on prevailing market rates. Applicable processing fees may also apply.
Market options
- Primary Market (tagged “Pre-Sale”): You can buy RTB32 during the offer period, before the Issue/Settlement Date.
- Secondary Market (tagged “Issued”): After the Issue/Settlement Date, you may sell your RTB32 before maturity. The amount you receive may be higher or lower than your original investment because of changes in market rates and applicable processing fees.
Availability
RTB32 is available for purchase during the Public Offer Period, subject to availability.
- Offer Period (Pre-sale): September 29, 2026, at 2:00 PM to October 7, 2026, at 12:00 PM.
- Issue/Settlement Date: October 12, 2026.
- Maturity Date: April 12, 2029.
- Interest payments: Every quarter, credited directly to your GBonds trading wallet.
- Multiple orders: You may place more than one order if you have enough cash balance in your GBonds wallet and RTB32 is still available during the Public Offer Period.
If you invest PHP 5,000 in RTB32, which pays 6.875% interest per year, with interest paid every 3 months:
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Gross quarterly interest:
PHP 5,000 × (6.875% × (3 months ÷ 12 months)) = PHP 85.94
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Withholding tax (20%):
PHP 85.94 × 20% = PHP 17.19
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Estimated net quarterly interest:
PHP 85.94 − PHP 17.19 = PHP 68.75
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Estimated total net interest over 2.5 years:
PHP 68.75 × 10 quarterly payments = PHP 687.50
Note: This sample is for illustration only. The actual amount credited may vary because of rounding, applicable tax rules, and other applicable deductions or fees.