Local residents buy RP dollar bonds.(Business)

From: Manila Bulletin | Date: December 31, 2003 | Copyright information

Byline: FIL C. SIONIL

The good yields of foreign denominated Philippine debt instruments being traded in the international bond markets have increased the investments of local residents to $6.4 billion as of September 2003, $600 million more than the $5.8 billion total exposure in the same period the previous year.

"The increase in the level of residents' investments reflects the attractiveness of ROP yields and the overall performance of these bonds," Bangko Sentral ng Pilipinas (BSP) Deputy Governor for banking services, research and treasury Amando M. Tetangco, Jr. ...

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