REP. HENRY C. ONG
2nd District of Leyte
Vice Chair, Committee on Banks & Financial Intermediaries
Member, ICT, Trade & Industry, and 9 other committees
BETTER TO HAVE JUST ONE PHL BOND MARKET WITH SME WINDOW
It is good for the country’s bond market that the Land Bank was unsuccessful in its attempt to get majority control of the holding firm that runs the Philippine Dealing System.
If the intention of the government is to help small- and medium-sized enterprises (SMEs), then that would be achieved with a window or board for SME bonds, not with two separate systems.
The Philippine bond market is not yet big enough for two trading systems.
Aside from that, the market and its players would be averse to too much government influence in the market. Conflict of interest would also be an issue. These are the two underlying reasons for the failure of Land Bank to take over the Philippine Dealing System.
If the government’s bonds and the SME bonds are viable and sound investments, buyers will line up for them in an open market setting. (END)
REFERENCE:
https://business.mb.com.ph/2018/04/29/govt-may-put-up-own-bond-trading-system/Going to travel? Book your place to stay at
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Topic: SME Bonds in Philippine Market (Read 487 times)