Nov 27, 2017 @ 18:56
Here’s the list of Treasury’s ‘market makers’ for peso bonds
The Bureau of the Treasury will be relying on these banks to influence market rates.
The Treasury kicked off its 120th anniversary on Monday, Nov. 27 by conducting the maiden trade for repurchase transactions across banks and securities dealers.
During the event, the National Treasurer also revealed 10 “market makers” who will have some benefits and duties to fulfill in the conduct of auctions of government-issued debt papers.
On the list are:
- BDO Unibank, Inc.
- Bank of the Philippine Islands
- China Banking Corp.
- Citibank N.A.
- First Metro Securities
- Land Bank of the Philippines
- Metropolitan Bank & Trust Company (Metrobank)
- Rizal Commercial Banking Corp.
- Security Bank Corp.
These banks have to follow certain guidelines and actively bid for Treasury bills and bonds floated by the government. The huge volumes they hold are expected to influence overall yields as desired by the regulator.
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