Philippines to sell tokenized government bonds for first time next Monday

Philippines will sell tokenized national bonds for the first time next Monday to further develop the domestic debt market. The Philippine Bureau of the Treasury said it will issue at least 10 billion pesos ($179 million) of one-year token bonds. The agency canceled a scheduled auction of regular bills on the same day to pave the way for the new bond issuance. The government reserves the right to change the scale of the issuance.