The government has urged the public to consider investing in the second round of “Premyo Bonds” or lottery bonds starting this month.
Presidential spokesman Harry Roque said interested buyers could invest in government securities for as low as P500 and get a chance to win some prizes.
The one-month bond offer, organized by the Bureau of Treasury to raise government funds, will be launched on Nov. 11.
“Nag-offer na naman po ng Premyo Bonds 2 ang Bureau of Treasury na magsisimula sa Miyerkules, Nov. 11, at tatagal ng isang buwan Dec. 11. Ano po ba itong mga Premyo Bonds na ito? Ito po ay one-year low-risk government securities (The Bureau of Treasury has offered Premyo Bonds 2 starting Wednesday Nov. 11 and run until Dec. 1. What are Premyo Bonds? These are low-risk government securities),” Roque said during a televised press briefing Monday.
Roque said the Premyo bonds are not only affordable but also credit risk-free since these have the sovereign backing of the government.
These bonds, which require a minimum investment of P500, also provide higher yield for investors, compared to a regular bank deposits. They also pay the interest every quarter, according to Roque.
He said an investment of P500 would also be equivalent to one entry in the raffle draw every quarter.
“Kumuha na po tayo ng Premyo Bonds. Nagbibigay din po ito ng tsansa sa mananalo ng cash at non-cash prizes tuwing mayroong quarterly draw. So, mayroon na kayong interes, mayroon pang pagkakataong manalo (Let’s invest in Premyo bonds. It will give a chance to win cash and non-cash prizes every quarterly daw. So you will be get paid interest as well as earn a chance to win prizes),” he said.
He said the public could avail of the Premyo Bonds through authorized selling agents or through the Treasury department’s website.
The Treasury bureau launched the first Premyo Bonds in November 2019 to raise P3 billion needed for various government projects such as housing, education, and healthcare. The bonds had a tenor of one year and an interest rate of three percent per annum.