Benchmark size of the provide
The National Treasurer said the benchmark length of the proposed OFW bond offer will need to be set at $500 million, given the big market size of OFWs.
“I assume there is a market, given the liquidity [from] the OFWs. It is to offer them a more secure, extra cozy, and better yielding contraptions as well. Of route, for their investment appetite, we need to make sure what tenors they would love, what might be higher, shorter quit of the curve or something tons longer, to serve their funding urge for food,” she delivered.
Remittances from OFWs have been the principle driver of the Philippine economy, equivalent to approximately 10 percent of the usa’s gross home product. In the first 4 months of the 12 months, private remittances reached $10.02 billion, up four.7 percent from $nine.56 billion a yr earlier.
The National Treasurer said the benchmark length of the proposed OFW bond offer will need to be set at $500 million, given the big market size of OFWs.
“I assume there is a market, given the liquidity [from] the OFWs. It is to offer them a more secure, extra cozy, and better yielding contraptions as well. Of route, for their investment appetite, we need to make sure what tenors they would love, what might be higher, shorter quit of the curve or something tons longer, to serve their funding urge for food,” she delivered.
Remittances from OFWs have been the principle driver of the Philippine economy, equivalent to approximately 10 percent of the usa’s gross home product. In the first 4 months of the 12 months, private remittances reached $10.02 billion, up four.7 percent from $nine.56 billion a yr earlier.
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