The authorities is thinking about issuing $500 million in retail bonds exclusively for foreign places Filipino employees (OFW) subsequent year, the Bureau of Treasury said on Wednesday.
National Treasurer Rosalia de Leon stated the bond will should benefit the OFWs at once, supplying them a more secure, greater comfortable, and higher yielding investment device choice, in contrast to a preceding trouble of bonds that benefited their households within the Philippines.
“OFW bonds are something that we must investigate next yr,” de Leon stated.
The OFW bond would be much like the multi-currency retail Treasury bonds (RTBs) that have been supplied onshore to OFW households in 2010, elevating proceeds of about $350 million for the authorities.
“For the OFW bond, if [that’s what we decide to offer], that might must be done offshore. Meaning to mention, that it will ought to be [issued] immediately to the OFWs themselves. In the case of the 2010 providing, we issued that here [onshore] so it’s their families who had been the beneficiaries of the bond itself,” she explained.
National Treasurer Rosalia de Leon stated the bond will should benefit the OFWs at once, supplying them a more secure, greater comfortable, and higher yielding investment device choice, in contrast to a preceding trouble of bonds that benefited their households within the Philippines.
“OFW bonds are something that we must investigate next yr,” de Leon stated.
The OFW bond would be much like the multi-currency retail Treasury bonds (RTBs) that have been supplied onshore to OFW households in 2010, elevating proceeds of about $350 million for the authorities.
“For the OFW bond, if [that’s what we decide to offer], that might must be done offshore. Meaning to mention, that it will ought to be [issued] immediately to the OFWs themselves. In the case of the 2010 providing, we issued that here [onshore] so it’s their families who had been the beneficiaries of the bond itself,” she explained.
No comments:
Post a Comment