The public issue of fixed-rate bonds by Megawide Construction Corporation for up to PHP4 billion…
PH plans a December retail dollar bond offering.
In December 2022, the Philippine government intends to sell another retail treasury bond (RTB) denominated in US dollars.
This issuance is highly advantageous to OFWs (overseas Filipino workers), particularly if they plan to send children to school in five years, said Finance Secretary Benjamin Diokno addressed reporters on the sidelines of a seminar held by The Asset in Taguig City on Monday.
RTB is a type of debt that is available to the government on a regular basis and is marketed toward small investors.
The RTB’s peso-based minimum investment is PHP 5,000.
In September 2021, the government issued its first RTB denominated in US dollars as a part of a wider range of financial options.
The issuance of five- and ten-year notes brought in a combined USD1.6 billion (PHP80.91 billion), exceeding the planned objective of USD400 million.
The retail dollar bond’s (RDB) $300 minimum investment is lower than the government’s USD200,000 minimum investment requirement.
According to Diokno, a roadshow for the anticipated debt issue will be held in Milan, Italy.
The government is attempting to raise money for its many programs with the upcoming offering.
For the majority of the Marcos administration, according to Diokno, there will be a 75-25 borrowing program that favors domestic borrowings.
He continued, “That is to lower the foreign exchange risk.”
Cebuano English Filipino
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