THE GOVERNMENT is planning to launch a US dollar retail Treasury bond issue in the first quarter of 2023, Finance Secretary Benjamin E. Diokno said on Wednesday.
THE GOVERNMENT is planning to launch a US dollar retail Treasury bond issue in therst quarter of next year… We’re stillnalizing the terms,” Mr. Diokno said during the Kapihan sa Manila Bay Forum, adding that the tenor would be at leastThe planned transaction will be the second of its kind, following a $1.6-billionThe onshore offer of an alternative investment product aimed at Filipinos overseas should boost funding for government programs to support the economy’s recovery.
The Philippines, one of Asia’s most active sovereign bond issuers, is planning to raise around $5 billion from offshore bonds next year, roughly the same as this year’s total, National Treasurer Rosalia V. de Leon told IFR, Refinitiv’s capital markets news service, this month. The Finance chief also said the government will likely surpass its revenue collection target for the year. “Revenues are on the rise… We are very optimistic we’ll exceed our target. We expect revenue collection to surpass pre-pandemic levels,” he added.
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