Government raises P6.56 billion from sale of Premyo bonds

The government raised 6.56 billion pesos from the issuance of Premyo bonds this year, the Bureau of the Treasury reported.

National Treasurer Rosalia de Leon said sales from the three-week Premyo bond offering was over two times higher than the three-billion-peso target.

This is likewise 32 percent higher than the 4.96 billion pesos sold during the government’s Premyo bond offering last year.

De Leon said the bonds, which were offered from November 11 to December 11, attracted many small investors locally and abroad with the help of digital platforms.

She added, “Investments were generated from 70 countries and overseas Filipinos accounted for 15.7 percent of the total number of transactions. Also around 70.6 percent of individual accounts were made using our mobile apps, the Bonds.PH and the Overseas Filipino Bank mobile application.”

Companies also took advantage of Premyo bonds to reward their employees for Christmas.

Source: https://www.philstar.com/business/2020/12/19/2064788/government-raises-p656-billion-sale-premyo-bonds

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