business

Philippines to Adjust Local-Currency Bond Pricing Before JPMorgan Index Inclusion

31 Temmuz 2026Bloomberg

The Philippines is set to revamp its local-currency bond pricing by eliminating the impact of withholding tax. This change could lead to losses for some current investors in the country's $230 billion bond market.
The move is seen as a strategic adjustment ahead of the country's inclusion in the JPMorgan bond index.
The Philippines is preparing for its inclusion in a prominent JPMorgan bond index, which typically brings increased foreign investment. By altering the bond pricing structure, the government aims to align its market with international standards, but this may come at the expense of current bondholders.
This decision reflects a significant shift in the Philippines' approach to bond pricing, potentially enhancing the attractiveness of its bonds to foreign investors. However, the immediate consequences for existing investors could be detrimental, raising questions about the balance between market reforms and investor…

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This article is for informational purposes only and does not constitute financial advice.

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