Treasury: Premyo bonds to be sold at interest of 3% per annum

  MANILA, Philippines -- The Bureau of the Treasury will sell at least P3 billion in one-year "premyo" bonds at a coupon of 3 percent starting Monday until Dec. 13, giving investors a chance to win up to P1 million during the quarterly raffles. In its notice of offering dated Nov. 22, the Treasury said eligible to invest are individuals, associations (such as non-stock and loans associations as well as employee associations), cooperatives, employee retirement funds, provident funds, and trust entities (except collective investment schemes or CIS, mutual funds, and UITFs). The public offer period will be until Dec. 13, although it may be terminated earlier than that date "wh...

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