Filipinos who want to invest and at the same time help in the country's COVID-19 fight can do so with the second Premyo Bonds offering where they can also have a chance to win prizes.
For as low as P500, Filipinos can buy Premyo Bonds until Dec. 11, 2020. The latest tranche of Premyo Bonds has a tenor of one year and a 1.25% interest rate.
"Proceeds from the Premyo Bonds 2 will be used to fund the country's response to COVID-19 as well as boost the Philippine economy," the Bureau of Treasury said in a statement.
The first Premyo Bonds in 2019 raised P5 billion for the treasury, exceeding the P3 billion offer.
How to invest?
The Premyo bonds will be available through mobile application Bonds.PH and the Overseas Filipino Bank app.
Interested individuals can also invest through over-the-counter transactions and with online selling platforms China Bank Capital Corp., Development Bank of the Philippines, First Metro Investment Corp., and Land Bank of the Philippines.
What are the prizes?
Premyo Bonds 2 also has a raffle component that allows investors a chance to win different prizes.
Among the prizes are cash rewards of P1 million, P100,000, and P20,000 every quarter via raffle draw.
Grand prize winners can get an additional P3 million, P6 million or 2 brand-new Toyota Innovas.
The Treasury will also award P50,000 each to 20 winners from participants who invest P20,000 or below.