Treasury eyes another 'Premyo Bonds' sale in 2020

Jessica Fenol, ABS-CBN News

Posted at Dec 18 2019 03:01 PM | Updated as of Dec 18 2019 03:53 PM

MANILA - National Treasurer Rosalia De Leon on Wednesday said she would recommend another sale of "Premyo Bonds" that target small investors next year after sales from the first issue this year exceeded the goal.

The P4.961 billion sale exceeded the P3 billion goal, De Leon told ABS-CBN News in a text message.

De Leon said she would recommend the issuance of the new "Premyo Bonds" to Finance Secretary Carlos Dominguez after the first issuance matures.

During the first issuance of "Premyo Bonds" this year, buyers got the chance to participate in a raffle, with up to P1 million and a hotel unit among the prizes.

The bonds aim to encourage "small savers" to invest for as little as P500, De Leon earlier said.