By Aaron Michael C. Sy, Reporter
THE Philippines is set to be added to JPMorgan Chase & Co.’s local currency emerging market debt index from Jan. 29 next year, a move that is expected to lift foreign participation in local bond issuances and improve pricing conditions for government borrowing.
The inclusion will cover Philippine peso-denominated government bonds, which will enter the widely tracked Government Bond Index-Emerging Markets (GBI-EM).
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