Philippines Pushes to Expand Bond Market With $9 Debt Offer
- Treasury teams up with virtual asset firm PDAX, fintech GCash
- Less than 0.5% in country invests in bonds, PDAX chief says
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The Philippines is ramping up the sale of government securities for as low as 500 pesos ($9) in a bid to broaden the investor base and help fund one of Asia’s fastest-growing economies.
The Bureau of the Treasury has tapped a major virtual asset company and the nation’s top e-wallet firm to mainstream bond investing.