During the weekly Chat with SBED last Friday, July 7, National Treasurer Rosalia V. De Leon said the Marcos administration remains committed to raising $2 billion from the offering, the proceeds of which will be used to support the government’s budget.
“We’re doing all the marketing now, and if the markets are favorable—that’s always our coletilla—around September maybe,” De Leon told repeaters when asked about the timing for the sale of the US dollar-denominated bonds. During that period, the minimum placement for the retail dollar bond was set at $300, substantially lower than the $200,000 minimum investment required for the government's US dollar-denominated bonds.
Meanwhile, Finance Secretary Benjamin E. Diokno clarified that the retail dollar bonds are accessible to all individuals, not exclusively limited to OFWs.