Retail Treasury Bonds Tranche 32 (RTB 32) is a 2.5-year fixed-rate government security issued by the Republic of the Philippines through the Bureau of the Treasury (BTr). It provides retail investors with an affordable and accessible investment option starting at ₱5,000.00, with additional investments in integral multiples of ₱5,000.00.

The Public Offer Period runs from 29 September to 7 October 2026, or until an earlier date as may be determined by the BTr.

The final interest rate is 6.875% per annum. The bonds are scheduled for issue and settlement on 12 October 2026 and will mature on 12 April 2029.

Individual investors may conveniently subscribe to RTB 32 through the OFBank Mobile Banking App (OFBank MBA), subject to applicable eligibility and account requirements.

*The Public Offer Period may close earlier, as determined by the BTr.

Product/Feature

• Issuer
  Republic of the Philippines 

• Instrument
  Retail Treasury Bonds Tranche 32 (RTB 32) 

• Tenor
  2.5 years 

• Public Offer Period
  29 September to 7 October 2026

  *The Public Offer Period may close earlier, as determined by the BTr.

• OFBank MBA Ordering Period
  29 September 2026, 2:00 p.m. to 7 October 2026, 12:00 noon, or until an earlier date announced by the Republic 

• Issue / Settlement Date
  12 October 2026

• Maturity Date
  12 April 2029 

• Minimum Investment
  ₱5,000.00

• Additional Investment
  In increments of ₱5,000.00

• Issue Price
  At par (100%)

• Redemption Price
  At par (100%) 

• Indicative Interest Rate
  6.750%–6.875% per annum (p.a.). The final interest rate will be determined through a Dutch auction on 29 September 2026. 

• Interest Payment
  Quarterly 

• Eligibility via OFBank MBA
  Individual OFBank account holders who are at least 18 years old and legally allowed to invest. Joint, “And,” “Or,” “And/Or,” and In-Trust-For (ITF) accounts are not currently allowed through OFBank MBA. 

• Crediting of Interest and Principal
  Quarterly interest payments and the principal upon maturity are credited to the same OFBank account used to purchase the RTBs. 

• Sale Before Maturity
  RTBs cannot currently be sold through OFBank MBA. Bondholders may transact through OFBank branches, subject to applicable documentary requirements and processing.

How to Invest via OFBank MBA

During the Public Offer Period, eligible investors may purchase RTB 32 through the OFBank Mobile Banking App using the following general steps:

1. Log in to the OFBank MBA using your User ID and Password.
2. Select “Investments” from the lower portion of the main menu.
3. Choose “Purchase Treasury Bonds,” then select RTB 32 to view the product details.
4. Review the required documents and agreements, including the Authorization to the Bank, Investor’s Undertaking, Client Agreement, and Data Privacy Consent.
5. Select the source account and tenor, then enter the amount to invest.
6. Review the transaction details and confirm the purchase.
7. Upon successful completion, the transaction status will be displayed on the Acknowledgment screen.

For more offer details, visit the official RTB 32 landing page at https://www.treasury.gov.ph/?p=76947.