Philippines to promote $179M in tokenized treasury bonds for the primary time

The Philippines Bureau of the Treasury introduced it might provide 10 billion pesos ($179 million) of one-year tokenized treasury bonds for the primary time after canceling the standard public sale scheduled for Nov. 20.

The Bureau of the Treasury will provide the tokenized bonds to institutional consumers at minimal denominations of 10 million pesos with increments of 1 million pesos. The bonds will probably be legitimate for one 12 months and due in November 2024. The ultimate rate of interest will probably be disclosed on the issuance date, in accordance to a report by Bloomberg.

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