Retail Treasury Bonds

Tranche 29
FAQs
7 February 2023
A. How to Invest in the 29th Tranche of Retail Treasury Bonds (“RTB 29”) via ONLINE ORDERING FACILITY?
A.1. Step 1: Accessing the Visit the Bureau of Treasury (“BTr”) website at www.treasury.gov.ph. Look for
Online Ordering Facility the RTB 29 Logo and click it.

You may also scan this QR Code:

Click the tick box above the “Ready to Order” button to activate the access to
the Online Ordering Facility.

Make sure you have an existing account with any of the following institutions:
China Banking Corporation (“China Bank”), Development Bank of the
Philippines (“DBP”), First Metro Securities (“FirstMetroSec”), or Land Bank of
the Philippines (“LANDBANK”).

For China Bank, DBP, FirstMetroSec, and LANDBANK, only individual accounts
are eligible for the online facility.

Note: And/Or accounts, In-Trust-For (“ITF”) accounts, For the Account Of

(“FAO”), and corporate accounts are not eligible for online ordering. However,
holders of these accounts may still order over-the-counter (“OTC”) from their
respective selling agent banks.

Please note that your settlement account must first be enrolled in the online
payment facility or electronic payment system of China Bank (“China Bank
Online”), or the DBP (“Electronic Payment System – EPS”), or LANDBANK
(“iAccess”). It is recommended that you enroll your account immediately, prior
to ordering.

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A.2. Step 2: Filling in forms via In order to purchase RTB 29, you will need to agree to the terms by ticking the
Online Ordering Facility relevant boxes on the page and by answering the mandatory fields in the virtual
forms on the BTr website:
1. Amount of Investment (in Philippine Pesos (“Php”))
2. Investor Name
3. Birth Date
4. Country of Placement
5. Settlement Bank (China Bank, DBP, FirstMetroSec or LANDBANK)
6. Provide the correct Captcha Challenge

Note: For all of each Settlement Bank, the name used will be the name enrolled
in the bank.

A.3 Step 3: Payment of RTB Once you have answered all necessary questions and completely filled out all
29 the necessary fields, click “Submit”.

You will be redirected to the Selling Agent’s electronic payment system (either
China Bank, DBP, FirstMetroSec, or LANDBANK), to place your order and give an
authority to debit your bank/trading account.

Accepted modes of payment via Online Ordering Facility: Debit account (via
China Bank, DBP, FirstMetroSec, or LANDBANK account)

A.4 Step 4: Notice of Upon completing the payment instructions, you will be redirected to a webpage
Successful Payment that will provide a NOSP that contains your Reference Number after fully
(“NOSP”) completing the application to purchase. You may use the Reference Number as
your tracking number to check the status of your placement.

For your convenience, you will also receive your NOSP via email and via SMS as
well for China Bank.

A.5 Step 5: Confirmation of After a successful transaction via BTr’s Online Ordering Facility, a COS will be
Sale (“COS”) provided as follows:
1. For DBP and LANDBANK investors, a physical COS will be issued to the
branch of account as your proof of investment thirty (30) calendar days
from issue date.
2. For FirstMetroSec investors, an e-copy of the COS will be
downloadable from your own account.
3. For China Bank investors, an e-copy of the COS will be sent to the
investor via email.

Branch of account refers to the branch where the bank account used for the
purchase of RTB 29 was opened.

A.6 Online Ordering Facility What is the Online Ordering Facility?

The Online Facility is accessible via the BTr website: www.treasury.gov.ph.

It is an online ordering facility that will allow clients to invest in the RTB 29 Bonds
during the offer period beginning on 7 February 2023 (2:00 p.m. Philippine Time)
and ending on 17 February 2023 (12:00 noon Philippine Time) or any earlier
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FAQs
7 February 2023
date as may be determined by the BTr (the “Public Offer Period”), without having
to physically go to the bank branch.

The Online Ordering Facility enables 24/7 (except during maintenance

downtime from 10:00 p.m. to 2:00 a.m. Philippine Time) access to the ordering
platform from anywhere in the world as long as he/she has either a Philippine
Peso deposit account (single individual current/savings with online access) with
China Bank, DBP, or LANDBANK, or a trading account with FirstMetroSec.

It can be accessed as long as there is an available internet connection and an

internet-capable device such as a smart phone, laptop, tablet, and desktop
computer. Thus, it allows investors residing abroad to participate in any RTB
issuance from their area of residence.

A.7. Online Ordering Facility Who can use the Online Ordering Facility?

Any individual who meets the following criteria may use the Online Ordering
Facility platform to purchase RTB 29:
• Must be at least eighteen (18) years old at the time of ordering;
• In possession of an active Philippine Peso deposit account
(current/savings with online access) with China Bank, DBP, or
LANDBANK, or a trading account with FirstMetroSec;
• The deposit account should be capable of transacting in the banks’
Electronic Payment System (“EPS”), which is China Bank Online for
China Bank, EPS for DBP, and iAccess for LANDBANK.

Note: An EPS is a platform that facilitates acceptance of electronic payment for

online transactions. Please contact your bank to know more about their
requirements, if any. For investors residing abroad, you may contact China
Bank, DBP, FirstMetroSec, or LANDBANK through any of the following means:
• China Bank – Toll-free Number 1-800-1-888-5888. The following link
may also be used to access their toll-free number directory:
https://chinabank.ph/give-us-a-call.aspx
• DBP – Toll-free Number 1-800-10-327-8888
• LANDBANK – PLDT Toll-free Number 1-800-10-405-7000 or via email
at customercare@mail.landbank.com
• FirstMetroSec – Overseas Filipinos (“OFs”) may contact them via:
Facebook Messenger (@firstmetrosec; Facebook name:
“www.facebook.com/firstmetrosec”), or via email at:
ofwdesk@firstmetrosec.com.ph

A.8 Online Ordering Facility Are there any documentary requirements required in order for an investor to
use the Online Ordering Facility?

Investors can access the Online Ordering Facility through the BTr website
(www.treasury.gov.ph) to fill out all the mandatory information. It is also
accessible outside the Philippines, even on weekends/holidays within the Public
Offer Period. The Online Ordering Facility is free of any charges.

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A.9 Documentary Are there any documentary requirements required in order for an investor to
Requirements use the Online Ordering Facility?

Other than the documents required when opening a China Bank, DBP, or
LANDBANK Peso current or savings account, or a FirstMetroSec trading account,
there are no physical documents required to be submitted.

The entire documentation process shall be made online using the BTr Online
Ordering Facility platform.

A.10 Purchasing via Online Can I order RTB 29 online using a joint account?
Ordering Facility
No, only individual accounts are allowed at the moment.

A.11 Purchasing via Online Is there a maximum amount that can be placed using the Online Ordering
Ordering Facility Facility?

The Online Ordering Facility can accept placements of up to Php 500,000.00 per
transaction. However, should an investor wishes to invest more than Php
500,000.00, he/she may do so via multiple transactions as long as each
transaction is only up to Php 500,000.00.

A.12 Purchasing via Online Can I place orders more than once?
Ordering Facility
Yes, as long as you place them within the Public Offer Period.

A.13 Purchasing via Online Does the Online Ordering Facility provide status updates regarding my
Ordering Facility placement?

Yes. The Online Ordering Facility will provide you with an NOSP which shall
contain a Reference Number after completing the application to purchase. You
may use the Reference Number as your tracking number to check the status of
your placement. For your convenience, the Online Ordering Facility will send
you the NOSP via email and via SMS as well for China Bank.

A.14 Purchasing via Online What happens after I complete my transaction via Online Ordering Facility?
Ordering Facility
After a successful transaction, your purchase order shall be transmitted to the
bank/broker that you nominated (China Bank, DBP, FirstMetroSec, or
LANDBANK). Your bank/broker will conduct a final checking of your placement
information and debit your payment from your available funds. If all
requirements are fully complied with, your application to purchase RTB 29 shall
be accepted and confirmed. Otherwise, it will be rejected. For a successful
transaction, you will receive an NOSP via email from your bank, and/or via SMS
as well for China Bank and FirstMetroSec. You may also print the receipt of the
successful transaction as your proof of purchase.

A.15 Purchasing via Online What are the possible reasons for order rejection?
Ordering Facility
Usual reasons may include, but are not limited to, the following:
• Invalid account number;
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• Insufficient funds in the bank account;
• The payment bank is offline;
• Incomplete or incorrect details.

A.16 Proof of Investment via What is my proof of payment?

Online Ordering Facility
Upon successful payment, you will receive an NOSP. The NOSP shall serve as
your proof of investment in RTB 29. For your convenience, a system generated
NOSP shall be sent to your designated email address, which you indicated upon
account opening. For China Bank clients, aside from the email, an NOSP via SMS
will also be sent.

Note: China Bank will request for the investor’s email in the payment portal
after logging in the China Bank Online account.

A.17 Proof of Investment via What will serve as my proof of investment?

Online Ordering Facility
After a successful purchase of RTB 29 through the Online Ordering Facility, a
physical COS for DBP and LANDBANK clients will be issued to the branch of
account in the Philippines as your proof of investment after the issue date. It will
be made available to investors within thirty (30) calendar days from the issue
date.

For FirstMetroSec investors, an e-copy of the COS will be downloadable from

your own account or sent to your registered email address.

For China Bank investors, an e-copy of the COS will be sent to the investor via
email.

Branch of account refers to the branch where the bank account used for the
purchase of the RTB 29 was opened.

A.18 Online Ordering Facility Can I use the Online Ordering Facility to invest in other securities issued by
the BTr and private issuers?

As of now, the Online Ordering Facility caters only to RTBs, Retail Dollar Bonds,
and Premyo Bonds.

A.19 Online Ordering Facility Why are only China Bank, DBP, FirstMetroSec, and LANDBANK account
holders able to invest via the Online Ordering Facility?

As of this writing, only the institutions mentioned above are able to connect to
the Online Ordering Facility. Currently, the BTr is in talks with other banks to
connect with the Online Ordering Facility.

A.20 Online Ordering Facility Why is there an age limit (18 years old) to access the Online Ordering Facility?

Since investments in RTBs are considered contracts, the investor must not be
legally incapacitated to enter into one (such as the case of minors). However,
investors below the age of eighteen (18) may still invest in RTB 29 through Over-
the-Counter transactions, via an In-Trust-For (“ITF”) account.
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A.21 Online Ordering Facility Why are joint, FAO, and ITF accounts not allowed to place orders via the
Online Ordering Facility?

For now, the Online Ordering Facility can cater only to individual Philippine Peso
deposit accounts (with online access) due to system limitations and “tick box”
agreements (relating to regulatory requirements covering anti-money
laundering, know-your-client, and data privacy) that should be executed by the
owner of the account. However, the BTr and its partner banks are committed
to expanding the scope of the facility to other investor types and shall be made
available in the immediate future.

B. Bonds.PH Mobile App by Union Bank of the Philippines (“UnionBank”)

B.1 Bonds.PH Mobile App What is the Bonds.PH Mobile App (“App”)?

The App is a bond distribution platform operated by Union Bank of the

Philippines (“UnionBank”). The App is available for free download from the App
Store or Google Play Store, or via https://bonds.ph

It is a fully digital platform that allows clients to create an account, cash-in from
any bank, debit card or electronic wallets like GCash and PayMaya. The App then
allows users to invest in the RTB 29 Bonds during the Public Offer Period,
without needing a bank account.

The App is available 24/7 and can be accessed via a smartphone, as long as there
is an available internet connection. As such, it allows investors residing abroad
to participate in any RTB issuance from their area of residence.

B.2 Eligible Users Who can use the App?

Any individual who is above eighteen (18) years old, who may or may not have
a bank account, can use the App to buy RTB 29. The user does not need to have
a bank account with UnionBank or with any other bank.

B.3 How to Start How do I start using the App?

1. Download the Bonds.PH app on the App Store (for iOS devices) or Google
Play Store (for Android devices).
2. Open the app and create an account.
3. Verify your email address and mobile number.
4. Log in and verify your account by submitting the required document and
information.
5. Once your account is verified, cash-in to add funds to your account.
6. Buy your preferred RTBs when they are offered.

B.4 App Access How does one access the App? Is it accessible outside the Philippines? Is it
accessible during weekends/holidays? Is the App free to use?

The App will be available for download globally, can also be accessed outside
the Philippines 24/7, and can be used by OFWs. There is no charge for
downloading the App but cash-in / cash-out fees may apply, depending on the
method used.
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B.5 Documentary Are there any documentary requirements required to use the App?
Requirements for the App
Users will need one (1) primary ID. Acceptable primary IDs are as follows:
• Passport – if the client is a non-resident foreigner or dual citizen,
Passport is the mandatory ID
• Professional Regulation Commission ID
• National Bureau of Investigation Clearance
• Government Service Insurance System (“GSIS”) e-card/GSIS ID
(membership ID)
• Social Security System ID/Unified Multipurpose ID
• Driver’s License
• Senior Citizen Card (digitized)
• ID issued by the National Council on Disability Affairs (digitized)
• PhilHealth Insurance Card ng Bayan (digitized)
• Overseas Workers Welfare Administration ID
• Overseas Filipino Workers ID
• Postal ID (digitized)
• Voter’s ID (digitized)
• Tax Identification Number ID (digitized)
• Integrated Bar of the Philippines ID
• School ID
• Philippine Identification Card (PhilID)

B.6 Joint Accounts Does the App support joint accounts?

No, only individual accounts are allowed at the moment.

B.7 Minimum and Maximum What are the minimum and maximum amounts of RTBs that I can subscribe
Amounts to on the App?

You can place a minimum subscription of Php 5,000.00 and integral multiples
thereof.

The App can accept placements of up to Php 500,000.00 per transaction. Should
an investor wish to investment more than Php 500,000.00, one may do so via
multiple transactions as long as each transaction is only up to Php 500,000.00.

Note that other limits may apply to the cash-in channel used, e.g. electronic
wallets can only hold up to Php 100,000.00.

B.8 Multiple Orders Can I place orders more than once?

Yes, as long as you have enough cash balance on the App, and as long as you
place them within the Public Offer Period.

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B.9 Status Updates Does the App provide status updates regarding my placement?

Yes. The App will display on the App dashboard the status of any orders you
place. The App will also send email notifications each time you place an order,
and once more when that order is confirmed. The App will also record all prior
transactions in its “Transaction History.”

B.10 Order Placement and What happens when I place an order? What happens after I complete my
Transaction Completion transaction via the App?

At the point of ordering, cash will be debited from the user’s cash balance on
the App to fund the user’s order. The subscription would have an “Awaiting
Execution” status upon initial placement of the order. All orders are considered
final upon placement and can no longer be cancelled.

After issue date, once the order of RTB 29 is allocated and settled, UnionBank
will send a COS to the user.

B.11 Order Rejection Can my order be rejected?

Yes, if you have not yet been verified or have insufficient cash balance and if
BTr does not grant you an allocation. Before allowing the user to place an order,
the App will ensure that sufficient cash has been placed into the App, and that
the user has successfully completed all Know-Your-Customer (“KYC”)
verification and onboarding requirements.

B.12 KYC Verification How long will KYC verification take?

KYC verification can take up to 48 hours from the submission of complete and
accurate information and documents.

KYC verification may also take longer in case enhanced due diligence is required
on a customer.

B.13 Cashing-in to the App / How do I cash-in or fund my account through the App?
Funding the Account for
Bonds.PH App The user may cash-in or fund their account through the App using a variety of
payment options: bank transfers via online/internet banking, electronic wallets
like GCash or PayMaya, and select offline channels.

B.14 Proof of Investment via What will serve as my proof of investment?

the App
For Bonds.PH users, an e-copy of the COS will be sent to their email. This will
also contain the NRoSS account number of the client for his/her reference.

B.15 Selling via Bonds.PH Can I use the App to sell RTB 29 Bonds?
Mobile App
Yes. If a user wishes to sell his/her investment purchased from the App, he/she
will need to make a sell order based on indicative quotes that are all available in

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the App. The user will then be asked to confirm acceptance of the sell order at
the indicative price. Once the user confirms the order with the broker fees and
other required fees for secondary market trading, UnionBank will execute the
sale of the RTB 29 at the indicative price or better.

Upon UnionBank’s settlement of the sale transaction, usually on the next

business day, the sale proceeds will be made available to the user’s cash balance
on the App by the next business day.

Once available in the App’s cash balance, the user may use a variety of payment
channels to cash-out.

B.16 UnionBank Why is UnionBank the only bank supported by the Bonds.PH App?

UnionBank is the only operator of the Bonds.PH App for the RTB 29. The BTr is
looking forward to making more digital channels available in its succeeding
issuances.

B.17 Settlement Account Is a UnionBank Current or Savings Account (“CASA”) required to be opened to
invest in RTBs via the App?

No, a UnionBank CASA is not required to be opened to invest in RTBs via the
App. However, users are required to have a settlement account in the App itself.
Cashing-in can be done using any of the methods described in Section
B.13 (Cashing-in to the App).

UnionBank will be the Settlement Bank for the purpose of setting up NRoSS
accounts for all investments done via the App.

B.18 Cashing-Out / How do I withdraw my interest income or my principal balance after maturity
Withdrawal from the or upon sale?
App
The user may cash-out or withdraw from the App using a variety of payment
options: InstaPay or PesoNet to any bank account with any bank, electronic
wallets, or other cash outlets enabled by the App.

B.19 Offer Period Cut-off What are the relevant offer period cut-off guidelines?
Guidelines
We highly encourage you to complete your verification and registration as early
as possible to ensure your RTB 29 orders will be processed on time. Please be
informed of the following schedule guidelines:

1. Bonds.PH User Registration and Verification Cut Off

- 16a February (12:00 noon Philippine Time) – for users who will cash-
in via manual and non-real time channels. Users who miss this deadline
can register but will need to cash-in via Real-Time Channels such as
UnionBank Bills Payment, PayMaya, GCash.
- 16a February (5:00 p.m. Philippine Time) – for users who will cash-in
via Real Time Channels
- Only those applications submitted by then shall be processed for KYC
verification.
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2. Cash-in Cut-Offs
- 16a February (12:00 noon Philippine Time) – Non-real time channels
and manual cash-in options such as non-UnionBank fund transfers and
branch banking
- 17b February (12:00 noon Philippine Time) – Real-Time Channels

3. Bond Subscription Cut-Off

- 17b February (12:00 noon Philippine Time)
- Only orders received by this cut-off shall be included in the orders
submitted to the BTr on the last day.

a
Should the BTr close the Public Offer Period earlier than 17 February, cut-off
dates will be accordingly adjusted to 1 business day prior.

b
Should the BTr close the Public Offer Period earlier than 17 February, cut-off
dates will be accordingly adjusted to this date.

C. How to Invest via Overseas Filipino Bank Mobile Banking Application (“OFB MBA”)
C.1 OFB MBA What is OFB MBA?

The OFB MBA is a free application that provides Overseas Filipinos, OFWs and
their beneficiaries with convenient access to the bank’s wide array of services
through smartphones anytime, anywhere. The MBA facilitates a straight-
through account opening of an ATM Savings account through the OFB’s Digital
On-Boarding System with Artificial Intelligence. It employs image recognition
technology where the client is required to take a “selfie” that will be matched
with the photo in the valid identification (“ID”) card uploaded by the client.

At present, Landbank (Parent Bank of OFBank) and OFBank have more than 100
billers/merchants in its online banking platform (iAccess), more than 88 in the
MBA, and more than 500 in its Link.Biz Portal. These billers are not limited only
to utility companies but also includes credit card companies, educational
institutions, cooperatives, corporations and enterprises, and government
offices/agencies, among others.

OFBank’s focus is to provide reliable and convenient deposit products and

services using secure banking solutions responsive to the needs of its mandated
clients. With OFBank’s digital on-boarding system, OFs/OFWs can already open
an account wherever they are in the world.

C.2 Bank Account Do I need a bank account to serve as my settlement account?

Yes, you need to have an account with OFBank. You can open an account via
the OFBank Mobile App which can be downloaded from Google Play Store or
Apple App Store.

C.4 Individual Account Who can invest using OFB MBA?

Only individual accounts can be used to invest. The investor must be at least
eighteen (18) years old and legally allowed to invest at the time of ordering.
They must also have an account with OFBank.
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C.5 Joint Account Can a joint account be used to invest via OFB MBA?

No. Joint accounts such as “And”, “Or”, “And/Or”, in-trust-for (“ITF”) accounts
are not allowed as of the moment.

C.6 Funding How do I fund my OFB MBA Account?

The user may cash-in to the App using a variety of payment options:

Deposit/Credit to Account may be done by:

• Remittance transactions thru banks or Remittance Agent Partners
• Transfer funds via Visa Direct Facility
• Transfer Funds using the InstaPay Facility
• Over-the-Counter Deposit at LBP branches
• Cash Deposit thru LBP Cash Deposit Machines
• Transfer funds from another OFBank Account or LANDBANK Account

C.7 Account Opening How do I open an OFB MBA account?

1. Download the OFB MBA and create an account.

2. Verify your email address and mobile number.
3. Log in and verify your account by submitting the required document
and information.
4. Once your account is verified, you can start funding your account.

C.8 Documentary Are there documents or IDs that need to be submitted?

Requirements
Users will need one (1) valid ID, such as, but not limited, to the following:

For Overseas Filipinos and Overseas Filipino Workers

• Passport
• Unified Multipurpose ID (“UMID”)
• PRC ID

For Beneficiaries
• Company ID
• Driver’s License
• GSIS
• OFW ID
• OWWA ID
• Passport
• PhilID
• Postal ID
• PRC ID
• School ID
• Senior Citizen ID
• SSS
• UMID
• Voter’s ID
• or any other ID validly issued and accepted in the Philippines

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C.9 Lead Time How long will it take to open an OFB MBA account?

Account opening will take only 5-10 minutes depending on the internet
connection speed. Within 24 hours from opening, bills payment including
investing in RTBs and fund transfer will be activated provided that all
information and is uploaded and documents are in order.

C.10 Investment Amount Is there a minimum and maximum investment amount?

The minimum investment amount is Php 5,000.00 and integral multiples

thereof. The maximum investment amount per transaction is Php 500,000.00.
Should you wish to place more than Php 500,000.00, you may do so via multiple
transactions within the same day or on any day within the Public Offer Period.

C.11 Offer Period When can I order?

You can start ordering from 7 February 2023 (2:00 p.m. Philippine Time) up to
17 February 2023 (12:00 noon Philippine Time), or at an earlier date as may be
announced by the Republic. The App is available 24/7 but will only accept RTB
investment/purchase within the Public Offer Period, with respect to the above.

C.12 Order What happens after I place an order?

Once the client receives a notice that the transaction is successful, such client’s
account with OFBank is debited corresponding to the amount of placement.

The COS will be sent by OFBank to the client’s email address provided by the
client upon online account opening. The COS will serve as your proof of
investment.

C.13 Status Updates Do I get status updates via the App?

Yes. The App will display on the Acknowledgment screen the status of the
successful transaction. The App will also send an email that the transaction has
been confirmed. The App will also record all prior transactions in its Transaction
History.

C.14 Rejected Orders Can my orders be rejected?

Yes. There are two (2) common reasons why orders may be rejected:
• The account has insufficient funds
• BTr has not granted you an allocation

C.15 Withdrawal of Funds How do I withdraw funds from OFB MBA?

The investor may cash-out from OFB MBA using a variety of payment options
such as (i) InstaPay to any bank account from any bank, (ii) electronic wallets,
or (iii) other cash outlets, with which OFB MBA is currently integrated.

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C.16 LANDBANK Why is the OFBank MBA being utilized in the sale and distribution of RTBs on
behalf of LANDBANK?

OFBank is a wholly-owned subsidiary of LANDBANK. Its role is to allow the use

of its MBA in the placement of orders to purchase the RTBs and the payment
of said orders. LANDBANK is the Government Securities Eligible Dealer (“GSED”)
that shall act as the broker should the investors decide to invest in RTBs using
the OFB’s MBA.

D. How to Invest via Landbank Mobile Banking Application (“LBP MBA”)

D.1 LBP MBA What is LBP MBA?

The LBP MBA is a free application that provides users with convenient access
to LANDBANK’S wide array of services through their smartphones anytime,
anywhere.

Enroll in LANDBANK iAccess and download the MBA through Google Play or the
App Store to enjoy the full range of services, such as the following:
1. Account Opening through DOBS Mobile
2. Quick Balance
3. Fund Transfer through PESONet and InstaPay
4. Electronic Payment Portal
5. View Rates
6. Cardless Withdrawal
7. One-time Pin (OTP)
8. Find Us
9. Contact Us
10. UITF

D.2 Bank Account Do I need a bank account to serve as my settlement account?

Yes, you need to have an account with LANDBANK. You can open an account
via the following:
1. Traditional or by visiting any LANDBANK branch
2. Online via the LANDBANK Digital Onboarding System (DOBS)
through the LANDBANK Website or DOBS Mobile via the LBP MBA

D.3 Individual Account Who can invest using LBP MBA?

Only individual accounts can be used to invest. The investor must be at least
eighteen (18) years old and legally allowed to invest at the time of ordering.
They must also have an account with LANDBANK.

D.4 Joint Account Can we invest via a joint account?

No. Joint accounts such as “And”, “Or”, “And/Or”, in-trust-for (“ITF”) accounts
are not yet allowed at this point.

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D.5 Funding How do I fund my LBP MBA Account?

The user may cash-in to the App using a variety of payment options:
Deposit/Credit to Account may be done by:
• Remittance transactions thru banks or Remittance Agent Partners
• Transfer funds via Visa Direct Facility
• Transfer Funds using the InstaPay (Real-time)/PesoNet (Batch-credit)
Facility
• Over-the-Counter Deposit at LBP branches
• Cash Deposit thru LBP Cash Deposit Machines

D.6 Account Opening How do I open an LBP MBA account?

1. Download the LBP MBA and create a Peso account via the Digital
Onboarding System (DOBS) Mobile (or one can use an existing
LANDBANK peso account).
2. Verify your email address and mobile number.
3. Log in and verify the account by submitting the required document
and information.
4. Once your account is verified, you can start logging-in to your LBP
MBA and use the following features: Fund Transfer, Bills Payment
and Cardless ATM Withdrawal.

D.7 Documentary Are there documents or IDs that need to be submitted?

Requirements
Users will need one (1) valid ID, such as, but not limited, to the following:
• Passport
• Unified Multipurpose ID (“UMID”)
• PRC ID
• Company ID
• Driver’s License
• GSIS
• OFW ID
• OWWA ID
• Passport
• PhilID
• Postal ID
• PRC ID
• School ID
• Senior Citizen ID
• SSS
• UMID
• Voter’s ID
• or any other ID validly issued and accepted in the Philippines

D.8 Lead Time How long will it take to open an LBP MBA account?

If opened via the DOBS Mobile, account opening will only take 5-10 minutes
depending on the internet connection speed. Within 24 hours from opening,
bills pay including investing in RTB and fund transfer will be activated provided
all information and uploaded documents are in order.

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D.9 Investment Amount Is there a minimum and maximum investment amount?

The minimum investment amount is Php 5,000.00 and integral multiples

thereof. However, should an investor wish to invest an amount beyond that
limit, he/she may do so via multiple transactions as long as each transaction
observes the same limit.

D.10 Offer Period When can I order?

You can start ordering from 7 February 2023 (2:00 p.m. Philippine Time) up to
17 February 2023 (12:00 noon Philippine Time) or at an earlier date as may be
announced by the Republic. The App is available 24/7 but will only accept RTB
investments/purchases within the offer period, with respect to the above.

D.11 Order What happens after I place an order?

Once the client receives notice that transaction is successful, account with
LANDBANK is debited an amount corresponding to the amount of placement.

The COS will be sent by LANDBANK to the email address provided by the client
upon online account opening. The COS will serve as your proof of investment.

D.12 Status Updates Do I get status updates via the App?

Yes. The App will display on the Acknowledgment screen the status of the
successful transaction. The App will also send an email that the transaction has
been confirmed. The App will also record all prior transactions in its Transaction
History.

D.13 Rejected Orders Can my orders be rejected?

Yes. There are two (2) common reasons why orders may be rejected:
• The account has insufficient funds
• BTr has not granted you an allocation

D.14 Withdrawal of Funds How do I withdraw funds from LBP MBA?

The investor may cash-out from LBP MBA using a variety of payment options
such as (i) InstaPay to any bank account from any bank, (ii) electronic wallets,
or (iii) other cash outlets, with which LBP MBA is currently integrated.

E. Issuer-Related Questions
E.1 Republic of the Has the Philippines previously defaulted on repayment of its debt obligation?
Philippines Debt
Obligation The Philippines has no record of default in any of its debt obligations.

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E.2 Economy In light of the growing debt-to-Gross Domestic Product (“GDP”) level and
COVID-19 pandemic, what is the confidence level that the government will be
able to service its debt?

The credit rating of the National Government (“NG”) is investment grade as

affirmed by the three major credit rating agencies. This means there is a high
level of confidence in Philippine credit. This further translates to the NG having
the ability to access funds from both the domestic and international markets at
competitive rates and reasonable terms.

E.3 Economy What are the factors that an investor we should watch out for that will affect
the movement of interest rates?

The interest rate level is affected by, among others, movements in the price
level or inflation rate, fiscal and monetary stance of the government, liquidity
in the financial system, demand and supply for Philippine debt, and events in
the global markets. Other factors that could influence the interest rates include
the maturity period of the financial instrument under consideration and the
perception of risks associated with the said instrument.

F. Issue-Related Questions
F.1 General Information What are Retail Treasury Bonds (“RTBs”)?

RTBs are medium- to long-term debt securities issued by the Republic of the
Philippines (“ROP” or “the Republic”) through the BTr.

The RTBs are part of the government’s savings mobilization program designed
to make government securities available to retail investors; hence, the name
Retail Treasury Bonds. RTBs are fixed-income securities that pay a fixed interest
rate per annum over a specified period of time with a promise to return the
principal at the end of the term.

F.2 Use of Proceeds Where do the proceeds of the RTBs go?

The proceeds will be allocated to the country’s emergency, recovery, and

resiliency funds. The funds will finance expenditures focused on:
1. Financing agriculture development projects to enhance food security;
2. Construction of infrastructure projects;
3. Promoting and providing wider access to the education sector;
4. Healthcare and other key national expenditures, focused more on the
country’s efforts recovery from the pandemic; and
5. Key national expenditures as approved by the 2023 National Budget.

F.3 Anti-Money Laundering Are investments in RTBs subject to the AMLA?

Act (“AMLA”)
Yes. Selling Agents will require their investor to fill in a customer information
sheet in compliance with the KYC provision of the AMLA. With the App, a user
will be required to complete the account verification first to comply with the
KYC requirement of AMLA before he/she can start buying RTBs.

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F.4 Investment Safety Are RTBs safe investments?

Investing in RTBs are considered safe and low-risk because they are a direct
obligation of the Philippine government and thus backed by the entire financial
capacity of the Republic. However, they are still affected by risk and
opportunity cost. Thus, it is highly recommended that you understand it first
and all the risks involved and the mitigants to such risks, before investing in
RTBs.

F.5 Cost Considerations What are the cost considerations for the investor when investing in RTBs?
Broker intermediation fee? Custodianship fee?

Upon placement on Primary Offer of RTBs: None. The investor will just have to
pay the principal amount and no other fees should be charged to him/her.

With regards to the placement of RTBs subject to the Exchange Offer: None. The
investor is just required to sign a Letter of Instruction signifying his/her intent
to exchange his/her current holdings of the Eligible Bonds (as defined in Section
G.1) for RTB 29 (to be issued on 22 February 2023). (For more discussion on the
Exchange Offer, please see part G). After the primary offer phase however, the
following fees may be payable:
1. Maintenance fee of [0.005%/4] every coupon payment;
2. Broker’s commission (if the investor decides to sell before maturity);
and
3. Mapping fee (Selling Agents charge commission amounting to [1/10
of 1%], inclusive of transaction fees of PDEx).

Please confirm with your respective Selling Agents for any other applicable fees
related to the RTB placement.

F.6 Coupon Rate How was the final coupon rate for RTBs determined?

The pricing of the RTBs is done via a Dutch auction participated in by all
Government Securities Eligible Dealers (“GSEDs”).

F.7 Investment Is my principal investment guaranteed even if I sell before maturity?

Depending on the prevailing market rates at the time of the sell down, there is
a possibility that the resulting net proceeds may be higher or lower than the
principal investment amount.

F.8 RTBs as Collateral Are RTBs eligible as collateral for loans?

Yes, RTBs may be considered as acceptable collateral for loans.

F.9 Closure of Bank What happens to the RTBs if the bank wherein the purchase was made closes
down?

The RTBs are obligations of the NG and will therefore be unaffected by the
entity that acted as a Selling Agent. The investor will just need to nominate a
new settlement account in another bank, which will also serve as the new
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sponsoring bank for the investor’s NRoSS account, to ensure that the RTB’s
interest and principal payments will continue to be paid to him/her.

F.10 Rationale for RTBs Why is the BTr issuing RTBs?

The BTr is issuing RTBs to provide the investing public a means to invest in a
security that is a direct liability of the NG at an affordable investment amount
(minimum of Php 5,000.00). It is also a means for the NG to raise funds for its
continuing efforts to drive economic growth and respond against the
pandemic. This tranche of RTBs will be focused on the much-needed support of
the country’s agriculture, infrastructure, education, and healthcare sectors.

F.11 RTB Terms Are the terms of this RTB the same as those of the RTBs issued last
September?

The terms and conditions of this RTB are generally consistent with the terms of
the RTBs issued last 7 September 2022, except for the difference in the maturity
date and interest rate. Similar to RTB 28, RTB 29 allows current investors of the
Eligible Bonds (as defined in Section G.1) to participate in the Exchange Offer.
(Please refer to Section G below for more information).

F.12 RTB Terms Are RTBs government guaranteed?

Technically no, as the Issuer, being the Republic of the Philippines, cannot
guarantee itself. The RTBs are already the direct and unconditional obligations
of the NG, which rank in equal footing with all other obligations of the country.
The interest payments and eventual return of the principal is backed by the
financial capacity of the Republic that is able to pay off all its debt. The Republic
has no history of default and is currently in a healthy financial position.

F.13 RTB Terms Can I buy Php 100,000.00 worth of RTBs, but in multiples of Php 20,000.00 all
in the same name?

Yes, you can, but for convenience, we recommend that you invest under a
single amount (in this case, Php 100,000.00) since the RTBs may be sold
partially in the secondary market. Breaking your investments in multiple
placements will require you to accomplish several sets of documents which will
take additional time and effort.

F.14 RTB versus Other Why are corporate bond issuances priced at higher interest rates?
Issuances
Public and private corporations pay a higher interest rate due to the added
credit and default risk. Sovereign issues, denominated in its home currency, are
generally considered default risk-free as the government has the taxing power
that will allow it to generate the funds to pay off its debt. Given that,
government securities are generally priced at lower rates than corporate
issuances.

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G. Exchange Offer Questions
G.1 Investor Eligibility Who are eligible for the Exchange Offer?

Bondholders of the following securities (the “Eligible Bonds”) are eligible for
the Exchange Offer (the “Eligible Bondholders”):
ISIN Series Name Interest Rate Maturity
PIBD0523C752 FXTN 05-75 5.500% 8 March 2023
PIBD0723D588 FXTN 07-58 3.500% 21 April 2023
PIBD2023E054 FXTN 20-05 11.875% 29 May 2023

G.2 Exchange Details What will happen to my Eligible Bond holdings if I participate in the Exchange
Offer? Will I still receive the remaining interest from my Eligible Bonds?

The Eligible Bonds, with a minimum amount of Php 5,000.00 and integral
multiples thereof, may be exchanged for the new RTB 29. On 22 February 2023
(the “Issue Date”), the face value of your Eligible Bond holdings will be
exchanged for the face value of RTB 29 in the ratios of:
ISIN Eligible Bonds Exchange Ratio
PIBD0523C752 FXTN 05-75 1:1
PIBD0723D588 FXTN 07-58 1:1
PIBD2023E054 FXTN 20-05 1:1

(i.e., Php 5,000.00 investment in FXTN 05-75, FXTN 07-58, or FXTN 20-05 can
be exchanged for Php 5,000 worth of RTB 29).

For any subscription in excess of your original Eligible Bonds, you will have to
pay for the additional amount following the subscription procedure for the
Primary Offer of the RTBs. The accrued interest earned by the holder of Eligible
Bonds for the period indicated below will be paid out on the Issue Date of RTB
29. Such accrued interest will be deposited in the nominated Settlement Bank
of the investor. As a holder of RTB 29, the investor will receive quarterly
coupon payments based on the final coupon rate as follows:

Series Accrued Interest Period Accrued Interest Period

Start Date End Date
FXTN 05-75 8 September 2022 22 February 2023
FXTN 07-58 21 October 2022 22 February 2023
FXTN 20-05 29 November 2022 22 February 2023
For the computation, kindly refer to Annex G of the Notice of Offering

G.3 Exchange Details What is the benefit of participating in the Exchange Offer?

The Exchange Offer provides a convenient way for investors to re-invest their
funds and mitigate reinvestment risk upon maturity of the Eligible Bonds.
Investors will just need to signify their intent to switch their Eligible Bond
holdings to the new RTB 29 issuance.

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G.4 Procedure Where will I get and submit these document requirements?

Eligible bondholders may get the Exchange Offer documents from the Issue
Managers and the branches of their respective parent banks. The documents
are also available from other Selling Agents. The Exchange Offer documents
may be submitted in any branch of the participating Selling Agent banks or sales
desks of the Issue Managers.

G.5 Allocation of RTB 29s Will all exchange offers under the Exchange Offer be accepted?
under the Exchange Offer
The offers may or may not be awarded in full. Acceptance of the offers shall be
subject to the requirements of the BTr. Accordingly, investors with Eligible
Bonds looking to participate in the Exchange Offer are highly encouraged to
submit their exchange offers as early as possible during the Public Offer Period,
to increase the chances of a full allocation.

G.6 Participating in RTB 29, Can I choose not to exchange my holdings in Eligible Bonds and just buy RTB
but not in the Exchange 29 directly?
Offer
Yes, as an investor you are free to hold on to your Eligible Bonds until their
maturities and, at the same time, invest separately in RTB 29. Alternatively, you
may also participate in the Exchange Offer and also directly buy additional RTB
29s.

G.7 Exchange Offer Period Can I still participate in the Exchange Offer after the Public Offer Period?

No. Note that the Public Offer Period for the Exchange Offer is only from 7
February 2023 (2:00 p.m. Philippine Time) up to 17 February 2023 (12:00 noon
Philippine Time). However, the BTr reserves the right to shorten the Public Offer
Period.

H. Procedural Questions
H.1 Opening of Settlement If I already have an existing current or savings account with the bank I want to
Accounts buy RTBs from, do I need to open another account specifically for this
investment?

No need to open a new current or savings account. You can use your existing
bank account for the purpose of investing in RTB 29 to receive your quarterly
interest payments and the eventual return of your principal payments will be
deposited. Ensure that the depositor’s name of the bank account name matches
the investor name of the RTBs as any mismatch may result in the rejection of
your order.

However, there are current or savings accounts that may have restrictions in
usage other than the purpose it was opened for such as in the case of certain
payroll accounts (on a case-to-case basis). In cases like these, you shall be
required to open a new current or savings account.

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H.2 Joint And/Or Accounts Can we invest in RTBs under a joint or “and/or” account?

Yes, an investor can use joint or “and/or” accounts, provided that the bank
account name of the nominated bank account for crediting of interest and
principal has the same “and/or” are as the names appearing in the RTB purchase
documents and the NRoSS account.

For RTB purchases made via the Online Ordering Facility and Bonds.PH app, only
individual/solo accounts are allowed.

H.3 Investments by OFs How can OFs open a Peso account?

The OF may visit his/her preferred bank or its remittance partner to open an
account and comply with the account opening process and the documentary
requirements. OFs may open a FirstMetroSec, OFB MBA, Bonds.PH account fully
online. For OFs who wish to open LANDBANK accounts, they may get in touch
with the Bank’s Overseas Remittance Officers to submit the account opening
requirements. For DBP clients, if the account opening is performed outside of
the Philippines, signature cards need be authenticated by a Consular
Representative of the Philippines in which said document is executed.

H.4 Beneficiary Claims In case of sudden death of the investor, how can the beneficiary claim the
RTBs?

The beneficiary may claim the proceeds of the RTBs but will be subject to what
is stated in the Philippine law on succession (inheritance).

H.5 Beneficiary Claims What are the procedures to be undertaken by the heirs in case an investor
dies? Are there taxes to be paid?

Aside from settlement bank specific requirements, certain certifications are

needed to be produced by the heirs (e.g., death certificate, etc.). The heirs are
required to pay estate taxes as RTBs form part of the deceased’s estate.

H.6 Documentation What documentation will prove the purchase of RTBs?

Investors shall receive a COS (or such other document evidencing sale of RTBs)
from their Selling Agents.

H.7 Interest Payments From a retiree intending to live-off on the interest from the RTBs: Can interest
payments be scheduled on a monthly basis instead of quarterly so that the
earnings from the RTBs can be used to pay for monthly expenses (i.e.
electricity, phone bills, etc.)?

No, because the stated interest payment frequency for RTBs is quarterly.

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H.8 Investment Requirements What are the requirements for individuals to invest in the RTBs?

The general requirements are as follows:

1. Peso current or savings account
2. Acknowledgement receipt
3. Investor’s Undertaking (for first time investors in government
securities)
4. Authorization (for first time investors in government securities)
5. Other documents that may be required by your selling agent

H.9 Investor Eligibility Is there a minimum age for investors for the RTBs?

The investor must be at least eighteen (18) years old. For minors, they may
invest via an In-Trust-For (“ITF”) account with their parent/s or legal guardian.

H.10 Investor Eligibility Can credit cooperatives buy RTBs?

Yes.

H.11 Investor Eligibility Can a foreigner invest in RTBs?

Only foreign residents, possessing at least one of the following Philippine- issued
valid IDs, can invest in RTBs:
• Tax Identification Number ID (“TIN”)
• Alien Certificate of Registration Identity Card (“ACR I-Card”)
• Driver’s License issued by the Land Transportation Office (“LTO”)

You may inquire with your Selling Agent with custody function for proper
guidance.

Note: United States persons, however, may be subject to additional Foreign

Account Tax Compliance Act (“FATCA”) requirements by their Selling Agent.

H.12 Mode of Purchase Where can I buy RTBs?

RTBs may be purchased via authorized Selling Agents over-the-counter or via

the various online channels (i.e., BTr Online Ordering Facility, Bonds.PH App,
OFB MBA, LBP MBA).

H.13 Mode of Payment How can an investor pay for the RTBs?

Payments may be made via the following:

1. Cash
2. Online Ordering Facility (for those with China Bank, DBP,
FirstMetroSec, and LANDBANK accounts)
3. Bonds.PH app
4. Check (including Managers Check and Cashier’s Check)
5. Debit Authority from CASA; and
6. Any combination of the above.
Note: Mode of payment may vary among Selling Agents. Kindly ask your Selling
Agent for the payment options made available to investors.
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H.14 Others Assuming I bought my RTB with Bank A, can I subsequently sell my RTB via
another selling agent (Bank B)?

Yes, subject to submission of documentary requirements on a case-to-case

basis.

H.15 Sale in the Secondary If an investor wants to sell, can he/she sell RTBs anytime?
Market
Yes. Investors may go to his/her accredited dealer bank anytime to sell. Note
however, turn-around time of the transaction will depend on the availability of
the buyers in the secondary market as well as the selling price of the RTBs and
that will be subject to prevailing market conditions.

H.16 Others An investor plans to buy Php 500,000.00 worth of RTBs but intends to
sell/trade in the future small/partial amounts only to cover living and other
expenses. To achieve this, should the investor file several bond documents,
breaking down the investment in several lots, so he/she can trade on a per
application to purchase basis?

No need to accomplish several bond documents. RTBs may be sold partially in

the secondary market.

H.17 Past RTB Issuances Is there a webpage where an investor can see current market prices for issued
RTBs?

Yes. The investor may visit www.pds.com.ph for more information. It is

important to note, however, that market prices reflected on the website are
indicative. There is no guarantee that an investor can sell his RTBs at the posted
market price at the time of sale.

H.18 National Registry of Who shall act as the intermediary for an investor to open an NRoSS securities
Scripless Securities account?
(“NRoSS”) Account
Opening The broker shall be the intermediary between the investor and the BTr. The
investor must apply first to the BTr with respect to opening his/her NRoSS
securities account. Afterwards, the investor must nominate a Settlement Bank
with whom he/she will sign a Memorandum of Agreement. Only then can
he/she open his/her assigned NRoSS account. However, for online RTB
application, the Settlement Bank shall be the intermediary.

H.19 Senior Citizens Can senior citizens’ interest income on the RTBs be exempt from withholding
taxes?

No, passive income is subject to withholding tax.

H.20 Tax Exemption Our client is a tax-exempt institution, but its certification of exemption is
dated 2017. It has a pending request for a certification since last year but BIR
has not issued a new certification yet. Can such client submit the 2017
certification to avail of the RTBs?

The institution must wait for the new BIR certification to be issued for it to be
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exempted from tax prior to investing in the RTBs.

I. Post-Issue Date Transactions and the Secondary Market

I.1 Pre-Termination Can the RTBs be pre-terminated?

No, RTBs cannot be pre-terminated. However, they can be sold through the
secondary market, subject to the availability of a buyer and prevailing market
rates, via any brokers or banks with a brokering license.

I.2 Secondary Market – How can an investor access the secondary market?
Access
An investor looking to sell or buy RTBs in the secondary market may approach
their respective Selling Agent (or via branches of its parent bank) or any National
Association of Securities Broker Salesmen, Inc. (“NASBI”) broker. Presentation
of proof of holdings or other requirements may be required.

Investors who invested in RTBs via the Bonds.PH app may sell his/her holdings
via the app.

I.3 Secondary Market – Fees Why are there fees involved when the RTBs are traded in the secondary
market?

There are costs associated with trading RTBs in the secondary market, just like
any other investment securities in the market. (Please refer to E.5 for the
schedule of fees).

I.4 Secondary Market – An individual who heard about the RTBs only for the first time expressed
Purchase concern that the Public Offer Period is only for a limited time. In case the
potential investor decides to buy RTBs after the Public Offer Period, will
he/she still be able to do so, and from where?

After the Public Offer Period, an interested investor can still buy RTBs through
the secondary market, but there is no guarantee on the availability of the
security and that the prices will be at par. Pricing for the security will be based
on prevailing market rates among others. Interested investors can still approach
his/her bank branch to buy RTBs from the secondary market.

I.5 Secondary Market – Sale What are the considerations/risks involved in selling via the secondary
market?

The primary consideration in selling via the secondary market is the selling price
at which the RTBs can be sold. This may be higher or lower than the price at
which the RTBs were bought, resulting in either a gain or loss for the investor,
respectively. Your broker or selling agent can guide you on the
considerations/risks involved in selling via the secondary market.

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I.6 Secondary Market – What assurance will the investors have (settlement of principal and interest)
Settlement in buying the RTBs in the secondary market?

The Fixed-Income Exchange (operated by Philippine Dealing & Exchange Corp.

or “PDEx” through the Bloomberg platform) follows a Delivery vs. Payment
settlement system, meaning, the exchange of funds and securities occur
simultaneously. In other words, funds will not be debited from the buyer’s
account if the seller doesn’t have securities in his/her securities account. For
some banks, however, certain types of accounts, e.g. payroll accounts, are not
allowed to be the settlement account for RTB purchases. In cases like these, a
separate savings account will have to be opened.

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