Philippines to Revamp Bond Pricing Ahead of JPM Index Inclusion, Potentially Hurting Some Investors
The Philippines plans to change how it prices local-currency bonds by removing the impact of withholding tax. This shift, aimed at facilitating its inclusion in a JPMorgan Chase & Co. bond index, may lead to losses for some existing investors in the nation’s $230 billion market.
Source:彭博市场 · Source Link
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