In support of regional efforts to promote cooperation among central banks and foster the development of a regional bond market in Asia, the Bangko Sentral ng Pilipinas is pleased to announce its subscription to the Asian Bond Fund (ABF). The Fund is proposed by the EMEAP group of central banks and monetary authorities in the East Asia and the Pacific and is offered by the Bank for International Settlements (BIS). Further information on the Fund is contained in the attached EMEAP Press Statement.
The Bangko Sentral ng Pilipinas will subscribe an amount of US$100 million to the Fund.
AMANDO M. TETANGCO, JR.
Banking Services Sector, Research and Treasury
Bangko Sentral ng Pilipinas
(632) 524 6697