National Treasurer Announces Regular Jumbo Bond Issuance as Part of Funding Strategy
Manila: A regular issuance of fixed-rate treasury notes (FXTN) for institutional investors is being considered to provide benchmark rates for such securities. ‘We’re hoping (for it) to be a regular part of our issuance since it’s a way for us to establish new benchmark, because the size is already large,’ National Treasurer Sharon Almazan said during a briefing for the official launch of the 31st retail treasury bond (RTB) issuance on Tuesday. According to Philippines News Agency, last year, the Bureau of the Treasury (BTr) issued its maiden 10-year FXTN, raising around PHP300 billion. There are no specifics yet for