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
Bitcoin retreats from $102K high amid hot job data and Federal Reserve projections
Bitcoin gurus see these BTC price levels hitting next as $100K holds
XRP market cap of $500B 'possible' within 6 weeks, says veteran trader
Market Expert Predicts Significant Bitcoin Correction Ahead