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Nov 6, 2018 @ 18:18

DOF eyeing P13.5B from first batch of Marawi bonds

 

An online facility will also be launched to tap more Pinoy investors.

The Department of Finance is looking to raise P13.5 billion from the maiden issuance of Marawi bonds, which are retail papers to be used to finance the rebuilding of the war-torn city.

In a statement, the agency said this will cover the first tranche of the issuance, which is targeting retail investors in the Philippines.

This will support the plans and projects approved by the inter-agency Bangon Marawi Comprehensive Rehabilitation and Recovery Program.

Timing of the bond float is yet to be announced.

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