Philippines to launch maiden offering of tokenized treasury bonds

November 19, 2023 - 2:11 PM
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The Bureau of Treasury building in Manila, in 2014 file photo. BUSINESSWORLD

 The Philippines will launch on November 20 its maiden offering of tokenized treasury bonds (TTBs) to raise at least 10 billion pesos ($179.53 million), the Bureau of the Treasury (BTR) said on Thursday.

The TTBs, one-year fixed-rate government securities that pay semi-annual coupons, will be made available to eligible investors in minimum denominations of 10 million pesos and in increments of 1 million pesos, the BTR said.

($1 = 55.7000 Philippine pesos)

— Reporting by Karen Lema