The government has expanded its latest retail treasury bond (RTB) offering to P130 billion from P30 billion with officials citing market demand and desire to tap consumer funds ahead of the Christmas spending seasion.

“For the 20th offering of retail treasury bonds, we are taking advantage of the added liquidity in the market leading up to the Christmas season. We also know that many Filipinos will have a ‘spend’ mindset during these times, so we want to present them with an investment option that will have multiple returns to them,” National Treasurer Rosalia de Leon said in a statement on Monday.

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