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October 03, 2023

Philippines to launch retail dollar bond sale in September with reduced investment requirement

The Philippine government plans to proceed with its retail dollar bond sale in September, with a reduced minimum investment requirement of $200.

The move aims to attract more individual investors and raise $2 billion to support the government’s budget.

The marketing process has already begun, targeting overseas Filipino workers and utilizing various channels such as the Bonds.PH app and Landbank mobile app, while negotiations are underway to waive fees associated with opening dollar accounts to facilitate the purchase of retail dollar bonds.

The government is also considering issuing yen-denominated bonds and exploring the possibility of a retail euro bond.


PNB recognized during SSS’s 66th anniversary celebration

The Social Security System (SSS) has bestowed two prestigious awards upon Philippine National Bank (PNB), designating them as the “Best Collection Partner” for the Overseas Bank category and the “Best Disbursement Partner” for the Universal Bank category during the “Balikat ng Bayan” Awards (BBA) 2023 ceremony held at the SSS Main Office in Quezon City on September 8.

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