The Philippine Stock Exchange’s (PSE) Chairman Jose Pardo has proposed to trade bonds at the bourse following a planned union between the nation’s equity and bond markets, Manilla Bulletin reports. The PSE is in discussions to merge with the Philippine Dealing & Exchange, which runs a trading system for bonds.
The merger will allow issuers to reduce borrowing costs as the government prepares to seek bids to build about $16 billion worth of roads, railways and porters. The PSE has begun talks with international pension funds and Chinese corporations interested in participating in the projects, which will be partly funded by a new state infrastructure fund.
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