Retail Dollar Bonds

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Retail dollar bonds purchase made easier by LANDBANK

The Land Bank of the Philippines (LANDBANK) has made investing in the Bureau of the Treasury’s (BTr) Retail Onshore Dollar Bonds 2 (RDB 2) more accessible and convenient through a menu of available investment channels for investors here and abroad.  “We are inviting all our investors, especially those with regular dollar flows or those with existing dollar savings, to diversify across currencies by participating in RDB 2. You are not only securing your financial future, but also contributing to our nation's more prosperous tomorrow,” said LANDBANK President and CEO Lynette V. Ortiz during the RDB 2 launch on 27 September 2023.  The RDBs are US dollar-denominated bonds with a coupon rate of 5.75% per annum and a tenor of 5.5 years, maturing on 11 April 2029. The public offer period for RDB 2 will run until 06 October 2023, subject to the discretion of the BTr, with the issue date scheduled on 11 October. The investment instrument allows investors to mobilize and grow their savings while helping fund the National Government’s priority socioeconomic programs and initiatives. The investing public may purchase the RDB 2 with a minimum investment of US$200 and increments of US$100 thereafter using either US dollar or Philippine peso accounts through LANDBANK’s investment channels. For investments made via peso accounts, LANDBANK will facilitate the currency conversions based on the prevailing market rate.  Investing in RDB 2 can be completed in as fast as five minutes through the LANDBANK Mobile Banking App (MBA). This feature is also available in the Mobile Banking App of the Overseas Filipino Bank (OFBank)—the official digital bank of the Philippine government and a subsidiary of LANDBANK—making RDB 2 subscription accessible to overseas Filipinos from over 100 countries and territories.  Investors of RDB 2 can also make online placements through the BTr Online Ordering Facility and settle the payments via the LANDBANK Link.BizPortal online payment platform. Over-the-counter placements are likewise accepted in all LANDBANK branches nationwide. LANDBANK serves as one of the Joint Lead Issue Managers for the RDB 2 issuance, in line with its collective efforts to promote greater financial inclusion and support the National Government’s development agenda.                

LANDBANK contributes P7-B sales in maiden tokenized treasury bonds

The Land Bank of the Philippines (LANDBANK) contributed P7 billion in sales to the country’s first-ever Tokenized Treasury Bonds (TTBs) issuance of the Bureau of the Treasury (BTr), in support of the National Government’s push for a financially inclusive domestic capital market. LANDBANK was lead Issue Manager with the Development Bank of the Philippines (DBP) for the maiden offering of TTBs and brought half of the total issued size of P15 billion. The TTBs are fixed-income government securities that are stored as digital tokens in the digital wallets of investors. It is supported by a dual registry structure where the National Registry of Scripless Securities (NRoSS) operates in parallel with a Distributed Ledger Technology (DLT)-based registry through blockchain technology. “The Tokenized Treasury Bonds exemplifies a forward-looking approach in promoting accessibility, convenience, efficiency, and transparency towards enhancing the overall investor experience. With the adoption of blockchain technology, we are also ensuring the integrity of transactions while providing investors with an increased level of trust and security,” said LANDBANK President and CEO Lynette V. Ortiz. The maiden issuance of TTBs was made available to qualified institutional buyers in minimum denominations of P10 million and increments of P1 million thereafter. These one-year peso-denominated bonds fetched a coupon rate of 6.50% per annum, payable every six months until maturity in November 2024.   The tokenization of treasury bonds demonstrates the National Government’s vision of democratizing access to government securities by streamlining settlement procedures and minimizing friction costs. Following the successful debut, the BTr is looking to extend tokenized bonds to Filipino retail investors. LANDBANK remains committed to supporting the National Government’s bond offerings, as part of its efforts to promote greater financial inclusion and broader participation in the bond market.                  

Kaagapay mo sa buhay: LANDBANK calls on public to invest in RTB-30 to boost savings

State-run Land Bank of the Philippines (LANDBANK) is inviting Filipinos to participate in the Bureau of the Treasury’s (BTr) latest retail treasury bonds offering to save more of their money, while also helping the National Government to raise funds for the country’s development projects.  Interested investors may purchase the BTr’s Retail Treasury Bonds Tranche 30 (RTB-30) with a minimum investment of P5,000.00, offering an annual fixed interest rate of 6.25% within a five-year term. The proceeds from the issuance will be channeled towards enhancing the country’s infrastructure, strengthening the agriculture and other essential sectors, and improving the healthcare system, among other national development priorities.  “The BTr’s RTB-30 not only offers investors higher financial returns but also the opportunity to take part in nation-building. Participating is especially more convenient and easier, now that there are various channels to invest in government bonds,” said LANDBANK President and CEO Lynette V. Ortiz. LANDBANK serves as one of the Joint Lead Issue Managers of RTB-30, which has the theme,“Kaagapay Mo Sa Buhay.” The offer period will end on 23 February 2024 or earlier as determined by the BTr, and the issue date is scheduled on 28 February 2024. Interest payments will be paid quarterly during the term of the bond. More accessible than ever Investing in BTr’s RTB-30 has been made more convenient and easier for interested investors in the country and abroad through LANDBANK’s various investment channels.  LANDBANK account holders can make online placements for RTB-30 in as fast as five minutes through the LANDBANK Mobile Banking App. This feature is also available via the Mobile Banking App of the Overseas Filipino Bank (OFBank)—the official digital bank of the Philippine government and a subsidiary of LANDBANK—allowing Filipinos from 130 countries to conveniently invest in the bond offer.  Interested investors can also make online placements through the BTr Online Ordering Facility and settle the payments via the LANDBANK Link.BizPortal online payment platform. Over-the-counter placements are likewise accepted in all LANDBANK branches nationwide. Holders of previously issued bonds, namely RTB 03-11 and RTB 05-12, may also exchange and reinvest their bond holdings for the latest bond offer via over-the-counter transactions.  ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. It is committed to supporting the National Government’s fundraising initiatives to boost public resources for the country’s development plans and programs.

LANDBANK boosts support in rice-producing provinces with agri-hubs

Bongabong Mayor Elegio A. Malaluan (middle) and LANDBANK Executive Vice Presidents Liduvino S. Geron (2nd from right) and Ma. Celeste A. Burgos (rightmost) lead the inauguration of the LANDBANK Bongabong Agri-Hub on 08 March 2024. Joining them are Victoria Mayor Joselito C. Malabanan (4th from right) and Oriental Mindoro Board Member Atty. Jomarc Philip E. Dimapilis (leftmost).  State-run Land Bank of the Philippines (LANDBANK) recently inaugurated agri-hubs in Oriental Mindoro and Misamis Occidental, in its continued bid to boost the rice production and economic activities in these provinces.  LANDBANK has been establishing agri-hubs in the country’s top rice-producing provinces to bring various financial services under one roof. These include banking services such as account opening, withdrawals, and check encashments; lending services such as the processing of loan applications; and agrarian services such as the processing of Agrarian Reform (AR) bonds and handling of agrarian-related concerns.  “The strategic presence of LANDBANK agri-hubs in the country’s top rice-producing provinces ensures that we meet the developing needs of rice farmers and other agricultural players. We aim to make financial services more accessible and contribute to boosting domestic rice production,” said LANDBANK President and CEO Lynette V. Ortiz.  The LANDBANK Bongabong Agri-Hub located in Barangay Poblacion, Bongabong in Oriental Mindoro, brings financial services closer to the 36 barangays of the town and the three nearby barangays of the Municipality of Bansud. The touchpoint benefits over 12,200 farmers and fishers; 5,300 DSWD beneficiaries; local government workers; and private clients, who no longer need to travel to LANDBANK branches and lending center in Pinamalayan, Roxas, and Calapan City, respectively, for 30 minutes to two hours.  Bongabong Mayor Elegio A. Malaluan, together with LANDBANK Executive Vice Presidents Liduvino S. Geron and Ma. Celeste A. Burgos, led the inauguration of the Bongabong Agri-Hub on 08 March 2024. They were joined by Victoria Mayor Joselito C. Malabanan and Oriental Mindoro Board Member Atty. Jomarc Philip E. Dimapilis.    (left photo) The LANDBANK Plaridel Agri-Hub hub rises as the first-ever commercial bank in the Municipality of Plaridel, as (right photo) Plaridel Mayor Gadwin E. Handumon (2nd from left) joins LANDBANK Executive Vice Presidents Liduvino S. Geron (3rd from left) and Ma. Celeste A. Burgos (4th from left) during its inauguration on 16 February 2024. LANDBANK also inaugurated the Plaridel Agri-Hub in Barangay Panalsalan, Plaridel in Misamis Occidental to service the 61 combined barangays of the municipalities of Plaridel and Lopez Jaena, including over 23,000 farmers and fishers.  Considered as the very first commercial bank in the town, the LANDBANK Plaridel Agri-Hub allows customers to conveniently perform their transactions without having to travel to Oroquieta City for over 30 minutes and to Dipolog City for more than one hour, to reach a LANDBANK branch and lending center, respectively. Plaridel Mayor Gadwin E. Handumon joined LANDBANK Executive Vice Presidents Geron and Burgos during the inauguration rites for the Plaridel Agri-Hub on 16 February 2024. The newly inaugurated LANDBANK Agri-Hubs are equipped with an automated teller machine (ATM) for fast, safe, and convenient cash withdrawals, and features a Digital Corner where clients can open a deposit account in 15 minutes or less using the LANDBANK Digital Onboarding System (DOBS). The two facilities complement the other 14 LANDBANK Agri-Hubs strategically located in the top-rice-producing provinces of the country. LANDBANK’s network of 607 branches and branch-lite units are designed to reach and service the requirements of its diverse customer base, including unbanked and underserved areas. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. It is committed to provide accessible and responsive financing to drive the agriculture sector’s productivity and competitiveness, while championing sustainable development in the countryside. 

LANDBANK sees rise in online investors after RTB-30 sales surge

Demand among Filipino retail investors to utilize digital investment platforms is growing, as the Land Bank of the Philippines (LANDBANK) sold significantly more online placements in the recently concluded Retail Treasury Bonds Tranche 30 (RTB-30) issuance of the National Government.  The Bank sold close to half a billion or P438 million worth of RTB-30 investments through its online channels, which is almost three fold of what it sold in the last RTB-29 offering in 2023.  LANDBANK’s online sales represent two-thirds of the total RTB-30 online sales worth P664 million. “The significant increase in online placements for RTB-30 reflects the growing confidence of retail investors in using our digital solutions. LANDBANK will remain committed to providing Filipinos with secure and convenient ways to participate in the financial market and contribute to nation-building,” said LANDBANK President and CEO Lynette V. Ortiz.  The RTB-30 digital placements worth P438 million were sold through the LANDBANK Mobile Banking App and the mobile banking app of the Overseas Filipino Bank (OFBank)—the official digital bank of the Philippine government and a subsidiary of LANDBANK. The RTB-30 was also sold through the LANDBANK Link.BizPortal, a web-based payment channel, via the Online Ordering Facility of the Bureau of the Treasury (BTr).  The National Government raised a total of P585 billion for the RTB-30 issuance making it the largest domestic fund-raising issue to date. As Lead Issue Manager, LANDBANK sold and contributed almost 30% of total sales.  RTB-30 offers a very attractive investment return with a coupon rate of 6.25% per annum, with a minimum placement of P5,000. Interest payments will be paid quarterly within a five-year term. LANDBANK is one of the Joint Lead Issue Managers of RTB-30, designed to raise funds in support of the National Government’s sustainable and inclusive development agenda.  The proceeds of the issuance will be used for enhancing the country’s infrastructure, strengthening the agriculture and other essential sectors, and improving the healthcare system, among other national development priorities. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. It is committed to supporting the National Government’s fundraising initiatives to boost public resources for the country’s development plans and programs.

LANDBANK clinches int’l awards for rural electrification, financial inclusion

LANDBANK Executive Vice President Ma. Celeste A. Burgos (rightmost) receives the award from ADFIAP Chairman Saud A. Minam (center) and First Vice Chairman Kao Thach (leftmost) for the Bank’s development project on rural electrification under the Infrastructure Development category during the ADFIAP Sustainable Development Awards 2024 in Phnom Penh, Cambodia on 16 May 2024. (Photo credit to ADFIAP) In recognition of its steadfast commitment to promoting sustainable development, Land Bank of the Philippines (LANDBANK) has been conferred with two international awards by the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) for its development projects on rural electrification and financial inclusion.  LANDBANK’s BRIGHTNESS Lending Program, which stands for BRinging Inclusive Growth in every Household Through National Electrification Support Services, won in the Infrastructure Development category, while the Bank’s support to ASA Philippines Foundation, Inc.’s (ASA Philippines) credit expansion for underserved women earned a Merit Award in the Financial Inclusion category.  ADFIAP Chairman Saud A. Minam, First Vice Chairman Kao Thach, and Second Vice Chairman Aria Putera Ismail presented the awards to LANDBANK, represented by Executive Vice President Ma. Celeste A. Burgos, at the ADFIAP Sustainable Development Awards on 16 May 2024 in Phnom Penh, Cambodia.  “LANDBANK is honored to receive these prestigious awards from ADFIAP, which underscore our unwavering dedication to advancing sustainable and inclusive development. This recognition inspires us to continue empowering underserved communities, fostering economic growth, and enhancing quality of life for our valued clients," said LANDBANK President and CEO Lynette V. Ortiz. Launched in 2013, LANDBANK BRIGHTNESS Lending Program aims to expand energy access in barangays to spur growth and generate more economic activities in the countryside by providing financing assistance to qualified distribution utilities and wholesale power aggregators.  This initiative supports the National Government’s rural electrification efforts under Republic Act No. 9136, otherwise known as the “Electric Power Industry Reform Act of 2001 (EPIRA Law),” which ensures the quality, reliability, security and affordability of electric power supply nationwide.  As of 31 March 2024, total approved loans under the BRIGHTNESS Lending Program have reached P13.7 billion, supporting over 4.8 million households with reliable power supply. LANDBANK, represented by Executive Vice President Ma. Celeste A. Burgos (center), also receives a merit award under the Financial Inclusion category as presented by ADFIAP Chairman Saud A. Minam (rightmost) and Second Vice Chairman Aria Putera Ismail (leftmost). (Photo credit to ADFIAP) Meanwhile, LANDBANK’s support enabled ASA Philippines to raise P5.0 billion through a five-year syndicated corporate notes facility. Dubbed “Project Nanay First,” the proceeds from the offer are aimed to reach and empower more women, particularly mothers, from economically disadvantaged sectors through the provision of accessible financing.  ASA Philippines’ five-year corporate notes issuance was classified as the first-ever Gender Bonds issued in the country, as certified by social bond second-party opinion provider DNV (Det Norske Veritas) and registered with the Securities and Exchange Commission (SEC). The partnership promotes broader financial inclusion in alignment with the Philippine Development Plan (PDP) 2023-2028 and advocates for environmental, social, and governance (ESG) principles.  ADFIAP serves as the focal point of all development banks and other financial institutions engaged in development financing across the Asia-Pacific region, with the mission to advance sustainable development through its members. The annual ADFIAP Awards recognizes member-institutions that have made important contributions to national development. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. The Bank is present in all 82 provinces in the county, committed to providing accessible and affordable financial support to key players and industries as part of its broader thrust of serving the nation.

Premyo Bonds Advisory

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GIBAC-ITB-CS-20240606-01 - Engagement of an Issue Manager for the Issuance of LANDBANK Sustainability Bonds

GIBAC-ITB-CS-20240606-01 - Engagement of an Issue Manager for the Issuance of LANDBANK Sustainability Bonds