The Marcos administration plans to mobilize the Philippine diaspora into a potent pool of investors by offering by June this year as much as $3 billion worth of US dollar-denominated Retail Treasury Bonds targeting overseas Filipino communities.
“There may be appetite among OFWs so it could be around $3 billion,” Diokno said.
In a separate interview by phone, National Treasurer Rosalia de Leon, who is in Manila, said Diokno would like to harness the Filipino diaspora for the RTBs.“Last year, we issued $1.5 billion but mostly taken up by FCDUs , so this time around we really want to tap the OFWs,” de Leon said. State-owned Land Bank of the Philippines and Development Bank of the Philippines will arrange the offering, which will likely happen within the first half of this year, De Leon said.
“It’s also for them to also know we have an additional investment product if they want to preserve the value of their dollars,” she added.
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