7 days ago
Philippines to Tap GCash to Sell Bite-Sized Bonds to Attract More Investors
The Philippines is tapping mobile wallet GCash to sell small-denominated government securities, according to the Bureau of the Treasury, seeking to broaden the investor base as it raises more money to refinance debt and fund the growing economy.
The government will sell Treasury bills for a minimum 500 pesos ($8.80) net of fees, and retail Treasury bonds for minimum 5,000 pesos, Treasurer Sharon Almanza said on Thursday.
