BSP Amends Requirements on Issuance of LTNCTDs, Bonds, and CPsPosted on: December 2, 2019
The Bangko Sentral ng Pilipinas (BSP) issued Circular No. 1062 that amends rules on the issuance of long-term negotiable certificates of time deposit (LTNCTDs), bonds and commercial papers (CPs); the most notable of which requiring third-party underwriters/arrangers unrelated in any manner to the issuing banks and/or quasi-banks.
Read the BSP news release and Circular No. 1062.