Manila is mulling over issuing Euro-denominated retail bonds (RTB) to capitalize on the keenness of European business to invest in the Philippines, Finance Secretary Benjamin E. Diokno said.
Manila is mulling over issuing Euro-denominated retail bonds to capitalize on the keenness of European business to invest in the Philippines, Finance Secretary Benjamin E. Diokno said.
“When we were in Frankfurt, German [businessmen] told us why we don’t issue Euro-denominated [retail bonds]? We are considering that,” Diokno said in an interview with reporters on Friday. “There will be strong demand and strong interest especially with the seniors, not just the OFWs [overseas Filipino workers]. But also from the Filipino-Germans who want to invest in the country because of the high return over time and it is tax free,” Diokno added.
The finance chief also expressed optimism toward the Bureau of the Treasury’s local retail bond offering next week.
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