Govt to launch GBonds with GCash

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The government is set to launch “GBonds” with GCash next month, which aims to make investing easier and more accessible for the public, Finance Secretary Ralph Recto said.

According to a statement from the Department of Finance (DOF) yesterday, Recto called on GCash, the Philippine Digital Asset Exchange Inc. (PDAX) and regulators to speed up the process of launching GBonds to bring the government closer to achieving financial inclusion for Filipinos.

In a separate statement, the Bureau of the Treasury (BTr) said during the 127th anniversary and government securities-eligible dealers (GSEDs) awarding ceremony, it showcased its partnership with PDAX and Cash to integrate GS investments with e-wallets. 

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Through the GCash mobile application, retail investors will be able to seamlessly buy and sell GS by simply tapping the “GBonds” feature of the platform.

Recto e vowed to continue pursuing the right policies that solidify financial institutions and modernize the Philippine capital market to support the growth of GSEDs and the journey of every Filipino towards financial freedom. 

GSEDs are Securities and Exchange Commission (SEC)-licensed securities dealers belonging to one of the financial service industries regulated by a government agency, such as the Bangko Sentral ng Pilipinas, SEC or the Insurance Commission.

They are eligible to participate in the primary auction of government securities, helping promote depth and liquidity in the government securities market through position-taking and market-making in the secondary market, as well as support the capital market development initiatives of the BTr.

In 2024, the GSEDs were able to help raise P586.84 billion from the government’s 30th Retail Treasury Bond (RTB) offering.

“This was the highest amount ever obtained of all our RTBs, fulfilling over a fifth of our financing requirement for the year in a cost-effective manner,” Recto said.

The GSEDs supported the government to raise $4.5 billion from global bond issuances this year.

For 2024, Metropolitan Bank and Trust Company was recognized as the top performer among all GSEDs. 

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