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Sovereign wealth funds

An in-depth look at the state-owned sovereign wealth funds that dominate the attention of the world's financial markets

Selling short

Selling short

Euromoney's coverage of past short selling regulations and questionable events is worth a look today

Wednesday, July 16, 2008

Philippines to sell retail treasury bonds worth PHP 8bn.





Philippines to sell retail treasury bonds worth PHP 8bn. According to the Manila Times , the Bureau of Treasury announced recently that it would commence its planned sale of peso-denominated three- year and five-year retail Treasury bonds (RTBs) on Friday. The total value of the RTBs on offer will be at least PHP 8bn. The sale will end on July 29. The interest rate will be determined by a Dutch auction, with the maximum allowable interest rate being the relevant interest benchmark rate less 6.25bps. Unlike regular Treasury bonds, RTBs can be purchased by small investors. The bonds now on offer are intended to replace similar bonds that matured on July 1.







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