Abu Dhabi — The Philippine Embassy in Abu Dhabi hosted the launch of the Premyo Bonds in the presentation led by Deputy Treasurer of the Philippines (DTOP) Erwin Sta. Ana on 23 November 2019.
A financial literacy forum, the Premyo Bonds was attended by the Filipino community and representatives from partner banks such as the Philippine National Bank (PNB) and Land Bank of the Philippines.
The Premyo Bonds are innovative one-year investment securities that will provide individual investors, associations, and cooperatives with an opportunity to invest in government securities while giving them a chance to win cash prizes, up to one million per quarter, for a minimum investment of only five hundred pesos.
The Embassy, through Deputy Head of Mission Marford Angeles, lauded the Bureau of Treasury for choosing Abu Dhabi as the first stop for the launch of this new government bond. “It is a tacit recognition of the significance of an empowered Filipino community as having the capacity to spur economic growth in the Philippines through remittances and bonds,” Deputy Head of Mission Marford Angeles Angeles said.
Noting the active exchange with the Filipino community during the forum as proof of their keen interest in investment opportunities in the Philippines through government securities, DTOP Sta. Ana shared that the Premyo Bonds is the most rewarding way to start investing as it gives investors quarterly interest payments and a chance to win in a quarterly raffle draw.