Philippines set to mandate local retail bond shortly
The Republic of the Philippines is nearing a mandate for a planned sale of 25 year retail treasury bonds (RTBs) in the last quarter of this year, said a government official. The notes are the longest tenor retail bonds that the government has ever sold.
It has received proposals from banks on the structure, maturity and other details of the peso bond issue, said the official. This will be the second time this year that the sovereign has issued RTBs targeted at individual investors in the country.
"We are now evaluating the proposals and
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