フィリピン, Bills 0% 2mar2023, PHP (182D) (PIBL0622H036)
国内債券, Zero-coupon bonds, Bills
国内債券, Zero-coupon bonds, Bills
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The Philippines is an archipelagic Southeast Asian nation with Manila as its capital and Quezon City as its largest city. Filipino and English are the official languages, and the Philippine peso (PHP) is the national currency. ...
The Philippines is an archipelagic Southeast Asian nation with Manila as its capital and Quezon City as its largest city. Filipino and English are the official languages, and the Philippine peso (PHP) is the national currency. The country has a diversified economy, where services and consumption represent the largest sectors, supported by business process outsourcing, remittances, manufacturing, agriculture, and infrastructure. Securities are traded on the Philippine Stock Exchange (PSE) and the Philippine Dealing & Exchange Corp. (PDEx), the main equity and fixed-income trading venues in the Philippines.
The Philippines bonds market includes government, corporate, financial, and retail-oriented instruments. A key feature of the local debt market is the active issuance of fixed-rate benchmark bonds alongside a highly successful retail treasury bond program targeting individual investors. Many domestic instruments are issued with conventional fixed coupons, while the central bank utilizes short-term bills for monetary policy implementation and liquidity absorption. Philippines bonds offer growing opportunities in a fast-expanding economy.
The Philippines government bond market is managed by the Bureau of the Treasury, which issues sovereign securities through regular auctions, exchange offers, and retail bond campaigns. Main instruments include T-bills with maturities of 91, 182, and 364 days, fixed-rate Treasury bonds (T-bonds) with tenors of 2 to 25 years, and Retail Treasury Bonds (RTBs) designed for broad public participation. Philippine government bonds serve as essential benchmarks for domestic interest rates, bank capital management, insurance company portfolios, and pension fund asset allocation.
The corporate segment is led by financial institutions, real estate developers, utilities, telecommunications operators, toll road concessionaires, and large conglomerates. Philippine bonds are often structured with fixed coupons and bullet maturities, while green bonds and infrastructure bonds play an increasingly important role in financing the government's Build-Better-More program.
The Philippines also remains active in international capital markets through sovereign external bonds denominated mainly in US dollars, euros, and yen, as well as occasional global peso issuance. These issues help create pricing benchmarks for Philippine corporate issuers and diversify the country's debt profile. For international investors, the bonds offer exposure to a fast-growing, investment-grade emerging-market economy, combining attractive nominal yields, strong remittance-backed consumption, and sensitivity to fiscal consolidation, inflation dynamics, exchange-rate movements, and sovereign credit upgrades.
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最も包括的なデータベースを探索
1 000 000
債券
100 000
株
175 910
ETF&投資信託
100 000
インデックス
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