Government’s RTB 32 Now Available to GCash Users

Business & Technology

RETAIL Treasury Bond 32 (RTB 32), a Philippine government bond with a 2.5-year maturity, is now available to eligible investors through GCash’s GBonds platform, with a minimum investment of ₱5,000.

The primary offer runs from September 29 to October 7, unless closed earlier by the Bureau of the Treasury (BTr). The bonds are scheduled to be issued on October 12, 2026 and will mature on April 12, 2029, with interest payments made quarterly.

LandBank has listed an indicative annual coupon rate of 6.750% to 6.875%, while the final rate will be determined by the BTr through an auction. At the indicative rate range, a ₱5,000 investment would generate about ₱67.50 to ₱68.75 per quarter after the 20% withholding tax, although actual payments will depend on the final coupon rate.

RTB 32 is being offered through GBonds, powered by Philippine Digital Asset Exchange (PDAX), Inc. and PDAX Securities, in partnership with the BTr. Eligible investors can access the offering through the GCash app without needing a bank account to register.

The bonds are part of the government’s retail bond program, which marks its 25th year. Proceeds from the issuance will be used to support government spending, including education, healthcare, agriculture and infrastructure.

“Investing shouldn’t feel complicated or out of reach. Through GBonds, we want more Filipinos to have access to simple and trusted ways to grow their money. With just ₱5,000, they can start investing in the Philippine government and earn interest every three months,” said Darvin Su, General Manager for Wealth Management at GCash.

To participate, investors must be at least 18 years old and fully verified on GCash. They can access the offering under Invest > GBonds, complete registration and fund their GBonds wallet before selecting RTB 32 and placing an order.

The bonds provide for repayment of principal at face value at maturity. Investors who sell before maturity may receive more or less than their original investment, while interest payments are subject to applicable withholding taxes.

The 2.5-year maturity also means investors should consider whether they can keep their money invested for the duration of the bond.