Retail dollar bonds listed at PDExMANILA, Philippines — The government listed yesterday its first onshore retail dollar bonds (RDBs) at the Philippine Dealing and Exchange Corp. (PDEx), activating another source of financing for pandemic response. According to the Treasury, a total of 520 RDB transactions worth $810,000 have been processed through web and mobile-based channels. Further, the five-year RDBs quoted a coupon of 1.375 percent, while the 10-year RDBs obtained a coupon of 2.25 percent. The RDBs, for one, attracted investments from OFWs in at least 30 countries, including Cayman Islands, Cyprus and Papua New Guinea. The government plans to borrow P3.07 trillion this year mainly from domestic sources to fund the country’s rising budget deficit.

Source: Philippine Star October 08, 2021 16:07 UTC