RDB 3: Government To Sell 3-Year Retail Dollar Bonds From November 19 to 24, Minimum Investment Is $200
RETAIL DOLLAR BONDS 2026 – If you have extra US dollars sitting in a bank or e-wallet, the national government is offering a new way to grow them: the third Retail Dollar Bonds, or RDB 3, which go on sale next week with a minimum placement of only $200.
The Bureau of the Treasury (BTr) said in its notice of offering that it wants to raise at least $200 million, or around ₱12.75 billion, from the three-year onshore dollar bonds due 2029, The Philippine Star reported. The public offer period runs from November 19 to 24, 2026, unless it is closed earlier, and the bonds will be issued on November 27.
This is only the country’s third retail dollar bond sale. According to BusinessWorld, the government raised $1.59 billion from five- and 10-year bonds in September 2021 priced at 1.375% and 2.25%, and $1.26 billion from 5.5-year bonds in October 2023 at 5.75%.
RDB 3 at a Glance
- Issuer: Republic of the Philippines through the Bureau of the Treasury
- Term: 3 years (maturity on November 27, 2029)
- Rate-setting auction: November 19, 2026
- Offer period: November 19 to 24, 2026 (may close earlier)
- Issue date: November 27, 2026
- Minimum investment: $200, in increments of $100
- Maximum per transaction: the dollar equivalent of ₱500,000, but investors can make as many transactions as they want
- Interest: paid every quarter in US dollars; final rate still to be set
The Treasury said the final interest rate “will be determined through a Dutch auction” joined by government securities eligible dealers (GSEDs) on the auction date. In a note to clients, Metrobank Wealth Insights placed the indicative range at 5.625% to 5.825%, though the actual coupon will only be known after the auction.
Where To Buy RDB 3
Unlike older bond offers that needed a bank visit, the RDB 3 can be bought through several online channels:
- GCash through its GBonds feature
- PDAX (Philippine Digital Asset Exchange) app through PDAX Bonds
- BTr online ordering facility on the Treasury website, settled through China Bank, Metrobank via First Metro Securities, and Land Bank of the Philippines
- Overseas Filipino Bank and Landbank mobile banking apps
- Government securities eligible dealers (selling banks)
For PDAX users, the platform said verified accounts can subscribe without opening a separate US dollar bank account, and it will charge no fees during the primary offer, BitPinas reported. Orders funded through direct US dollar bank transfers need at least $1,000, and PDAX said the government shoulders the withholding tax on the interest payouts.
“Filipinos should not need substantial wealth or a private banker to access dollar investments. With as little as $200, they can now invest in Philippine government dollar bonds directly through the PDAX App,” PDAX founder and CEO Nichel Gaba said.
Who Should Consider It?
Retail dollar bonds are aimed at ordinary Filipinos, including OFWs and their families, who earn or keep savings in US dollars and want a government-backed place to park them. The money raised will be used to support the national budget.
Metrobank, however, reminded investors that the RDB is expected to be less liquid than peso government securities, so it is better suited for those willing to hold the bonds until they mature in 2029 rather than traders looking for quick gains. As with any investment, read the official offer details from the Bureau of the Treasury before placing an order.
Are you planning to put some of your dollar savings into the RDB 3? Check also the latest USD to PHP exchange rate today.
