Philippines to adopt global bond pricing system in 2027
The Philippines will adopt an international pricing system for peso-denominated government and corporate bonds starting early next year, as authorities seek to attract more foreign investors and eventually lower borrowing costs.
The Philippines plans to adopt a global bond pricing system starting January 4, 2027, as part of efforts to attract more foreign investors and lower borrowing costs. This shift aligns the country's bond pricing practices with international standards, making local debt securities easier for foreign investors to purchase and trade.
The transition will involve removing an adjustment currently included in Philippine bond pricing, which may lead to changes in valuations for investors who actively trade bonds. Despite this, the 20-percent final withholding tax on bond interest and the contractual terms of existing bonds will remain unchanged. Finance Secretary Frederick Go highlighted that the reform is part of a broader effort to modernize the Philippine financial system and improve the country's competitiveness in attracting investments.
Brief written by urgent.news from Philippine Star Business's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
