MANILA, Philippines – The Philippines is seeking to lift foreign ownership of peso-denominated government bonds to 10 percent, the Bureau of the Treasury said, while playing down concerns that a widening flood control corruption scandal could deter overseas investors.
Speaking to reporters on Monday, National Treasurer Sharon Almanza described the 10 percent level as a significant step toward enhancing foreign participation in the local bond market.
https://business.inquirer.net/551032/ph-seeks-to-lift-foreign-ownership-of-peso-bonds-to-10