Philippines launches first US$270 million tokenized bond issue
The Philippines sold tokenized government bonds for the first time on Monday, which may be a prelude to the wider use of digital ledger technology in the country's government debt market.
According to a statement, the Ministry of Finance sold 15 billion pesos ($270 million) of debt due in November 2024. These bonds were issued to institutional investors with an annual interest rate of 6.5%. The total bid amount was 31.426 billion pesos, more than three times the initial bid size of 10 billion pesos.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BGB holders' Christmas and New Year carnival: Buy 1 BGB and win up to 2026 BGB!
Bitget Trading Club Championship (Phase 20)—Up to 2400 BGB per user, plus a RHEA pool and Mystery Boxes
Subscribe to ETH Earn products for dual rewards exclusive for VIPs— enjoy up to 8% APR and share 30,000 USDT!
Bitget Spot Margin Announcement on Suspension of ICNT/USDT, PROMPT/USDT, CAMP/USDT, FARTCOIN/USDT, PEAQ/USDT Margin Trading Services
