Diokno: $3B estimated to be raised from retail dollar bond for OFWs

During the Kapihan sa Manila Bay forum, Diokno said the launch of the retail dollar bond offering for OFWs, which was initially planned before the year-end, will be in the “first quarter of next year.”government will be raising funds from the debt market with a planned retail bond offering targeting OFWsAs to the amount to be raised from the planned bond offering, Diokno said, “I think around 10% of annual remittances, which is about $3 billion.

However, he said the DOF and the Bureau of the Treasury are still finalizing the details of the bond offering as well as its terms.from the issuance of triple-tranche dollar-denominated bonds including five-year and 10.5-year global bonds, and a 25-year ESG or environmental, social, and governance bond.— RSJ, GMA Integrated News

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