Gov’t revives plans to sell $1-B worth of OFW bonds

The National Government has revived plans of issuing up to $1 billion retail treasury bonds per year exclusive to overseas Filipinos.

Bangko Sentral ng Pilipinas (BSP) Deputy Governor Diwa C. Guinigundo said the proposals were recently re-submitted to Malacañang after a year of being in the backburner. Both the BSP and the Department of Finance’s attached agency, the Bureau of the Treasury (BTr), agreed to resume talks on the RTBs, also called OFW bonds.

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