Corporate Bonds
20%
final withholding tax*
Treasury Products
Treasury Products
Foreign exchange, government securities, and corporate offerings — access institutional-grade investment products through PVB's Treasury Group.
Explore What Treasury Group Offers
From managing currency risk to fixed-income investing, find the product that fits your goals.
Foreign Exchange
Spot transactions, currency swaps, and forward exchange contracts to help manage your FX exposure.
Government Securities
Peso and dollar-denominated bonds backed by the National Government, from short-term T-Bills to long-term ROP Bonds.
Corporate Offerings
Corporate bonds and preferred shares for investors seeking issuer-backed fixed income and dividends.
Compare Government Securities
See how PVB's three Government Securities options compare, side by side — from short-term T-Bills to long-term ROP Bonds.
WHAT YOU GET | Treasury Bills The most actively-traded zero-coupon government security. GROW SHORT-TERM | Treasury Bonds Fixed-rate coupon payments with a known maturity and yield. STEADY LONG-TERM INCOME | ROP Bonds US-dollar denominated government bonds with fixed-rate coupons. US-DOLLAR EXPOSURE |
|---|---|---|---|
Best for | Short-term, low-risk parking of funds | Steady peso income over the medium to long term | US-dollar denominated long-term income |
Tenor | 91, 182, or 364 days (1 year & below) | 3 to 25 years | 5 to 25 years |
Investment range | Short term | Medium to long term | Medium to long term |
Minimum investment | ₱50,000 | ₱50,000 | $200,000 |
Interest frequency | Discounted / zero-coupon | Quarterly or semi-annual | Semi-annual |
Liquidity | Tradable in the market | Tradable in the market | Tradable in the market |
Withholding tax | 20% final withholding tax | 20% final withholding tax | 20% final withholding tax |
Rates, tenors, and minimum investment amounts are indicative and subject to change. Contact PVB's Treasury Group to confirm current offerings.
Corporate Offerings
Fixed-income and equity-type instruments issued by private corporations, available through PVB's Treasury Group.
Preferred Shares
10%
final withholding tax*
*Except for Tax-Exempt Institutions. Terms are set by the issuer at the time of offering and may vary — confirm current offerings with PVB's Treasury Group.
How to get started with Treasury Products
1
Visit your nearest PVB branch
Use our Branch & ATM locator to find a branch near you. No appointment required for account opening.
2
Bring your requirements
Present your valid ID(s), TIN, and the initial deposit for your chosen savings account.
3
Fill out the account forms
Our branch staff will guide you through the Account Opening Form and Signature Card, and help you choose passbook and/or ATM.
4
Fund and activate your account
Make your initial deposit and receive your passbook and/or ATM card. You're ready to save and enroll in digital banking.
Frequently asked questions
PVB's Treasury Group offers Foreign Exchange services (spot transactions, currency swaps, and forward contracts), Government Securities (Treasury Bills, Treasury Bonds, and Republic of the Philippines Bonds), and Corporate Offerings (Corporate Bonds and Preferred Shares).
The minimum investment for Treasury Bills at Philippine Veterans Bank is ₱50,000, subject to current bank requirements and availability. For the latest investment terms and rates, contact PVB’s Treasury Group.
Treasury Bonds and ROP Bonds are both debt securities, but they differ in issuer and investment characteristics. Treasury Bonds are issued by the Philippine government, while ROP Bonds are typically issued by the Philippine government in international markets and may be denominated in foreign currencies.
Interest income from Government Securities may be subject to applicable taxes under Philippine law. The tax treatment depends on the type of security and the investor’s circumstances, so it is best to consult PVB’s Treasury Group for more information.
Yes, you may be able to sell your Government Securities before maturity, subject to the applicable terms and market conditions. Contact PVB’s Treasury Group for assistance with the selling process, current market prices, and any applicable fees.
To get started with PVB’s Treasury Group, explore the available treasury products and services to find options that suit your financial goals. Contact your nearest Philippine Veterans Bank branch to learn more about the requirements, investment options, and how to get started.
Terms & conditions
Government Securities are Peso or US-dollar denominated debt instruments issued by the National Government through the Bureau of Treasury (BTr), fully backed by the unconditional guarantee of the National Government. Terms, availability, and pricing are indicative and subject to change without prior notice.
PVB offers Foreign Exchange (FX) transactions to help clients buy and sell foreign currencies for their financial needs. Exchange rates and transaction requirements may vary depending on the currency and prevailing market conditions.
PVB offers access to Corporate Bonds and Preferred Shares as investment options for clients seeking to diversify their portfolios. These instruments have different features, potential returns, and risks, so clients are encouraged to consult PVB’s Treasury Group for more information.
Withholding tax is the amount deducted from certain income payments, such as interest earnings, before they are received by the investor. The applicable tax rate depends on the type of investment and prevailing Philippine tax regulations.
Liquidity refers to how easily an investment can be converted into cash, while trading involves buying or selling financial instruments in the market. PVB’s Treasury Group can help clients understand available trading options, market conditions, and the potential costs of selling investments before maturity.
Philippine Veterans Bank is committed to protecting clients’ personal and financial information in accordance with applicable data privacy laws and regulations. Client information is handled securely and used only for legitimate banking purposes, subject to the bank’s privacy policies.
Licensed Securities and Exchange Commission (SEC) Fixed Income Market Salesmen
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Nerly G. Borja
C.R. No. 02-2012-06564
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Laurence Christopher L. Estira
C.R. No. 02-2019-13627 · CUSP No. A011861
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Ma. Gila G. Estos
C.R. No. 02-2024-15430
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Hermi T. Felicilda
C.R. No. 02-2024-15219
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Arturo I. Lipio Jr.
C.R. No. 02-2009-03968
Ralph Gerald S. Liwag
C.R. No. 02-2024-15294
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Janina Moira A. Lopez
C.R. No. 02-2009-02997
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Lorna Jr R. Lozano
C.R. No. 02-2021-14215
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Geraldine L. Romano
C.R. No. 02-2010-05289
Contact PVB's Treasury Group
Email us
treasury_frontoffice@veteransbank.com.ph
Ask about Foreign Exchange, Government Securities, or Corporate Offerings
Coordinate with your Relationship Manager to complete your investment
Available to individual and institutional investors
Call us
(02) 8-857-3898 / (02) 7-902-1642
(02) 8-857-3820 / (02) 7-902-1641
(02) 8-857-3880 / (02) 7-902-1636
Ask for the Treasury Front Office