July 1, 2020 / 3:12 AM / 7 days ago

Philippine central bank to conduct maiden securities offer in Q3 - governor

FILE PHOTO: A logo of Bangko Sentral ng Pilipinas (Central Bank of the Philippines) is seen at their main building in Manila, Philippines March 23, 2016. REUTERS/Romeo Ranoco/File Photo

MANILA (Reuters) - The Philippine central bank’s maiden securities issuance is scheduled for the current quarter, broadening its monetary policy toolkit, its governor said on Wednesday.

“The main purpose for the issuance of Bangko Sentral ng Pilipinas securities is to manage the liquidity in the financial system to support monetary policy transmission,” central bank Governor Benjamin Diokno told reporters.

The central bank will initially offer a small volume of securities with short-term maturities in line with market preference, Diokno said.

Reporting by Neil Jerome Morales; Editing by Ed Davies

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