MANILA, Philippines — Finance Secretary Benjamin Diokno on Wednesday mentioned that the federal government goals to lift an estimated $3 billion within the issuance of dollar-denominated retail bonds focusing on abroad Filipino employees (OFWs).
According to Diokno throughout a Kapihan sa Manila Bay discussion board, the federal government is planning to launch the mentioned retail bonds within the first quarter of 2023.
“We’re launching it within the first quarter of subsequent 12 months,” mentioned Diokno.
When requested on how a lot they intention to lift within the mentioned, Diokno mentioned “siguro mga (round) 10 p.c of the annual influx which is round $3 billion.”
However, Diokno mentioned they’re nonetheless finalizing the phrases on how the governmen…
Keep on studying: Gov’t to intention $3-billion in retail bonds for OFWs, says Diokno