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Assets and fees

Our low transaction fees are designed to help you save on every purchase. With minimal costs, you can manage your expenses more effectively, ensuring you keep more of your money while enjoying seamless, affordable transactions.

Bonds on PDAX
Fees
Recipient
T-Bills (Primary)
RTBs (Primary)
RTBs (Secondary)
Broker-Dealer Fee
bonds.ph
0.25%
0
0.50%
Platform Partner Fee
PDAX
0.25%
0
0.25%
Token Maintenance Fee
PDAX
0
0
0
Instruction Delivery Fee
PDAX
0
0
0
Total
0.50%
No Fees
0.75%
GBonds
Fees
Recipient
T-Bills (Primary)
RTBs (Primary)
RTBs (Secondary)
Broker-Dealer Fee
bonds.ph
0.25%
0
0.50%
Platform Partner Fee
GXI (GCash)
0.25% +
[0.25% (capped at P5)]
0
0.25% +
[0.25% (capped at P5)]
Token Maintenance Fee
PDAX
0
0
0
Instruction Delivery Fee
PDAX
0
0
0
Total
0.50% +
[0.25% (capped at P5)]
No Fees
0.75% +
[0.25% (capped at P5)]

* Percentage fees are based on net settlement amount unless otherwise stated.
** Fees for bonds under 1 year are based on remaining days. (Fee x Remaining days ÷ 365)

  • Broker-Dealer Fee:  refers to the fees charged for the provision of Securities broker-dealer services including the offer, sale and safekeeping of Securities.
  • Platform Partner Fee: refers to the fees charged for the maintenance of the front-end user interface on its mobile application and/or website which allows the Approved User to access Securities broker-dealer transactions.
  • Token Maintenance Fee: refers to the fee which may be charged for the issuance, safekeeping, and administration of the Tokens representing Securities purchased and/or sold.
  • Instruction Delivery Fee: refers to the fee which may be charged for maintaining and providing an instruction delivery channel for the use of the Approved Users and the broker-dealer through which instructions in relation to all Securities broker-dealer services may be given.

All fees including broker-dealer fees are provided for informational purposes only and are based on the current pricing structure depending on the specific service or product selected. The services, products, and technology provided are offered on an “as is” and “as available” basis, and we do not guarantee prices, returns, or income from any bond or fixed income securities.

Popular questions

Frequently asked questions

A bond is a fixed-income investment that is issued to an investor when they lend their money to the government or a private corporation. In return, the issuer of the bond promises to repay the principal amount after a certain period plus the periodic interest payments at a coupon rate.

Treasury bills, also known as zero coupon bonds are government-issued short-term bonds and typically have a tenor of 91, 182, and 364  days. These bills are always purchased at a discount — you will pay less than the face value of your bond.

Treasury bills provide investors with the following advantages:

  • Accessibility: Investors can invest as low as PHP 500.
  • Government-backed security: It is relatively safe as opposed to risk assets such as stocks and cryptocurrency.
  • Predictable and guaranteed returns: Investors always purchase it at a discount and the treasury bills provide a fixed maturity date.
  • Short-term investment: Treasury bills typically range from a few months to a year.

A retail treasury bond (RTB) is a debt instrument issued by a government to raise funds from the public to finance its expenditure needs. RTBs have specific maturity periods, and the interest is typically paid semi-annually or quarterly until the bond matures, at which point the principal amount is returned to the investor. 

Retail treasury bonds provide investors with the following advantages:

  • Accessibility: RTBs are designed to be accessible to retail investors, meaning individuals can invest relatively small amounts of money starting at PHP 5,000.
  • Government-backed security: RTBs are backed by the government, making them one of the safest investment options available. The risk of default is low, providing investors with a secure place to park their funds.
  • Predictable and guaranteed returns: RTBs typically offer fixed interest rates, providing investors with a predictable stream of income over the bond's duration. This can be advantageous for individuals seeking stable returns on their investments.

Yes, you can buy a retail treasury bond (RTB) from the secondary market on PDAX.

This means you are purchasing a retail treasury bond on the secondary market through your registered Broker-Dealer. Here, investors can trade RTBs after the initial offering and issuance by the BTR, providing liquidity and potential profit opportunities.

To buy or sell an RTB on the secondary market, tap on the Bonds icon on the PDAX home screen and select the RTB you want to buy or sell.

In general, bonds are considered to be lower-risk investments since they provide fixed income streams and have a defined maturity date compared to stocks or cryptocurrencies. 

However, as with any type of investment, there is always a measure of risk that investors need to take into account when dealing with investment instruments such as bonds.

The price of bonds can and does fluctuate with upward or downward movements. The future performance of an investment instrument may also defy the trends of its past performance, and there may be a significant difference between the buying price and the selling price of investment instruments. As such, there is an inherent risk that losses may be incurred, rather than profit made, as a result of buying and selling investment instruments. Thus, an investment in bonds involves a certain degree of risk. In deciding whether to invest, a prospective purchaser of bonds should carefully consider several factors both internal and external to the issuer and the investment product.

You may conveniently explore and purchase bonds through any of our existing regulated partner channels. For detailed information on the current bond offerings, how to purchase bonds, and the applicable fees, we recommend visiting our partner’s platform.

bonds.ph Inc. is a registered broker/dealer with the Securities and Exchange Commission that aims to provide the investing public easy and convenient access to fixed income securities. The Bonds.PH application by Unionbank is a standalone mobile application that allows investors to buy and sell Retail Treasury Bonds.

The contents of this FAQs are not to be considered as definitive legal, business or tax advice. Prospective purchasers should consult their own counsel, accountants or other advisors as to legal, tax, business, financial and related aspects of the purchase of bonds, among others.

Disclaimer: The contents herein are provided for general informational purposes only and should not be considered as definitive legal, business or tax advice. Prospective purchasers or purchasers of financial products should consult their own counsel, accountants or other advisors as to legal, tax, business, financial and related aspects of the purchase of such financial product, among others.


By using the bonds.ph platform (accessible through the PDAX Platform or GBonds), you acknowledge that all transactions and services are subject to the bonds.ph Terms and Conditions and relevant platform rules. You are deemed to have read, understood, and agreed to these terms, including the associated risks, Any investment is subject to different risks. Prospective purchasers or customers should understand and accept such risks before purchasing any financial product. To the extent allowed by law, PHILIPPINE DIGITAL ASSET (PDAX), INC., BONDS.PH INC., and G-XCHANGE, INC. do not guarantee the performance of the financial products and shall not be responsible for any loss sustained by the customer.

The PHILIPPINE DIGITAL ASSET EXCHANGE (PDAX), INC. is regulated by the Bangko Sentral ng Pilipinas (BSP) https://www.bsp.gov.ph. You may get in touch with the BSP Consumer Protection and Market Conduct Office through the following channels: Email: consumeraffairs@bsp.gov.ph; Webchat: http://www.bsp.gov.ph (click webchat feature); Facebook: https://www.facebook.com/BangkoSentralngPilipinas; Direct Line: (02) 5306 2584 / (02) 8708 7087; Trunk Line: (02) 8708 7701 loc. 2584; or SMS: 21582277 (for Globe subscribers only). For further details, you may refer to BSP’s Inclusive Finance – Consumer Protection.


BONDS.PH INC. is registered as a Broker Dealer in Securities with the Philippine Securities and Exchange Commission (SEC), a member of the Philippine Dealing and Exchange Corp. (PDEx), and Bureau of the Treasury-licensed government securities eligible dealer (GSED). You may get in touch with the Markets and Securities Regulation Department of the Securities and Exchange Commission at msrdsubmission@sec.gov.ph or through the SEC’s channels: imessagemo@sec.gov.ph or 02-5322-7696.

G-XCHANGE, INC. is regulated by the Bangko Sentral ng Pilipinas (BSP) https://www.bsp.gov.ph

 BONDS.PH INC. is registered Broker Dealer in Securities with the Philippine Securities and Exchange Commission (SEC), a member of the Philippine Dealing and Exchange Corp. (PDEx), and Bureau of the Treasury-licensed government securities eligible dealer (GSED).

You may get in touch with the Markets and Securities Regulation Department of the Securities and Exchange Commission at msrdsubmission@sec.gov.ph or through the SEC’s channels: imessagemo@sec.gov.ph or 02-5322-7696

Membership and Accreditations:

Address

  • 31 F Robinsons Cyberscape Gamma, Topaz and Ruby Roads, Ortigas, Pasig, Metro Manila, Philippines

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