By GENALYN KABILING
Looking for a Christmas gift for yourself and loved ones?
The government has encouraged the public to consider investing in the affordable, convenient, and credit-risk free “Premyo Bonds” or prize bonds this Christmas.
According to National Treasurer Rosalia de Leon, the interested buyers can invest in “Premyo Bonds para sa Bayan” for as low as P500 and even get a chance to win some prizes.
The one-year peso-denominated Premyo Bonds were launched last Nov. 25 to entice more people to invest in government securities. The bond offer will run until Dec. 18.
“Tamang-tama rin po ang timing dahil ngayon po gift-giving season, we are already sa Christmas holidays at dumarating na po iyong mga bonus at lahat po ng mga pagkakaperahan ng ating mga kapwa so it’s time to save and at the same time gift-giving,” De Leon said. “Puwede po nating ibigay iyong Premyo Bonds, parang form of regalo,” she added.
De Leon also said they have made it convenient for people to invest by giving the option of applying online (www.treasury.gov.ph) or through authorized selling agents.”
“With our facilities mas mapapadali at mas convenient po ang pag-o-order ng Premyo Bonds,” she said.
Deputy Treasurer Erwin Sta. Ana said Premyo Bonds are not only affordable but will be “virtually credit-risk free” since they have sovereign backing of the government.
The government aims to raise P3 billion in the offering.
“It pays quarterly interest payment, so every quarter po makakatanggap ng interes ang investors ng Premyo Bonds,” Sta. Ana said.
