By The Financial District
Nov 18, 20231 min
The government intends to borrow at least P10 billion from the local debt market via the maiden issuance of peso-denominated tokenized Treasury bonds (TTBs).
The Treasury said the issuance of TTBs aims to provide the proof of concept for the wider use of distributed ledger technology (DLT) in the government bond market. I Photo: Ramiltibayan Wikimedia Commons
In a notice of offering to qualified institutional buyers yesterday, the Bureau of the Treasury said it would launch on Monday the country’s first offering of peso-denominated TTB.
The TTBs are one-year fixed-rate government securities that pay semi-annual coupons. The issuance aims to raise at least P10 billion.
The Treasury said the issuance of TTBs aims to provide the proof of concept for the wider use of distributed ledger technology (DLT) in the government bond market.