malaysiangMANILA: The Bureau of the Treasury (BTr) raised a total of PHP584.86 billion through the issuance of the 30th tranche of Retail Treasury Bonds (RTBs).
In a statement, the BTr said that of the PHP584.86 billion, PHP212.72 billion was awarded at the rate-setting auction on Feb. 13.
The BTr said an additional PHP372.14 billion orders came in, of which PHP128.69 billion was raised in new money and PHP243.45 billion through the Switch Program.
The Switch Program allowed holders of eligible bonds (RTB 03-11 and RTB 05-12) to seamlessly exchange their holdings for RTB 30.
The BTr on Friday concluded the offer period for the 30th tranche of RTB. The offer period ran Feb. 13 to 23.
The RTB 30 is set to settle on Feb. 28 and will mature on Feb. 28, 2029.
The RTB 30 was made available for as low as PHP5,000 through the traditional Over-the-Counter placement in bank branches, as well as digital channels such as the BTr Online Ordering Facility, the Bonds.PH mobile app, the Overseas Filipino Bank mobile banking app,
and the Land Bank of the Philippines (Landbank) mobile banking app.
“Proceeds from the RTB 30 issuance will be directed towards much-needed funding support for the Republic’s various programs under the agriculture, infrastructure, education, and healthcare sectors, among others,” the BTr said.
Development Bank of the Philippines and Landbank were the Joint Lead Issue Managers, while BDO Capital and Investment Corporation, BPI Capital Corporation, China Bank Capital Corporation, First Metro Investment Corporation, PNB Capital and Investment Corporation, and Union Bank of the Philippines were the Joint Issue Managers for RTB 30.
Source: Philippines News Agency
Hanoi: An ongoing training course on the emission trading system (ETS) and carbon market has gathered 145 participants from relevant state agencies, organisations, and enterprises, making the first capacity-building activity in Vietnam with participation from both public and private sectors.
Taking place on February 26 and 27, it offers a comprehensive programme on the topics and the use of market simulation tools. Leading international experts are set to share insights into global carbon pricing implementation, necessary preparations for operating the carbon market, as well as principles of and measurement, reporting, and verification (MRV) requirements within the emission trading system.
In her opening remarks, Deputy Director Mai Kim Lien of the Department of Climate Change said that Vietnam has issued 40.2 million carbon credits for 150 projects and has conducted exchanges on the global market. It is also one of the four countries with the highest number of credit projects registered under the clean dev
elopment mechanism.
To establish and operate the domestic carbon market, the country’s 2020 environmental protection law stipulates the organisation and development of the market, while the government has issued a roadmap for implementing the domestic carbon market with an important goal of piloting the carbon credit trading floor starting 2025.
According to Lien, the training course is part of activities under a Memorandum of Understanding signed between the department and the United Nations Office for Project Services (UNOPS), which aims to establish cooperative relations between the sides within the framework of the Southeast Asia Energy Transition Partnership (ETP) managed by UNOPS.
A representative of the ETP, Fritzie Vergel, held that through the course, stakeholders will have a clear understanding of the operations of the emission trading system and actively prepare to participate when the Vietnamese carbon market officially operates in 2028 as stipulated by law./.
Source: Vietnam News Agency
