The government is thinking about issuing $500 million in retail bonds exclusively for distant places Filipino workers (OFW) subsequent 12 months, the Bureau of Treasury stated on Wednesday.
National Treasurer Rosalia de Leon stated the bond will must gain the OFWs directly, presenting them a safer, extra cozy, and higher yielding investment instrument alternative, in contrast to a preceding problem of bonds that benefited their households inside the Philippines.
“OFW bonds are some thing that we ought to look at next 12 months,” de Leon said.
The OFW bond might be much like the multi-foreign money retail Treasury bonds (RTBs) that were provided onshore to OFW households in 2010, raising proceeds of approximately $350 million for the government.
“For the OFW bond, if [that’s what we decide to offer], that would should be accomplished offshore. Meaning to say, that it's going to have to be [issued] at once to the OFWs themselves. In the case of the 2010 providing, we issued that right here [onshore] so it’s their households who have been the beneficiaries of the bond itself,” she defined.
National Treasurer Rosalia de Leon stated the bond will must gain the OFWs directly, presenting them a safer, extra cozy, and higher yielding investment instrument alternative, in contrast to a preceding problem of bonds that benefited their households inside the Philippines.
“OFW bonds are some thing that we ought to look at next 12 months,” de Leon said.
The OFW bond might be much like the multi-foreign money retail Treasury bonds (RTBs) that were provided onshore to OFW households in 2010, raising proceeds of approximately $350 million for the government.
“For the OFW bond, if [that’s what we decide to offer], that would should be accomplished offshore. Meaning to say, that it's going to have to be [issued] at once to the OFWs themselves. In the case of the 2010 providing, we issued that right here [onshore] so it’s their households who have been the beneficiaries of the bond itself,” she defined.
