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The Philippine domestic bond market consists of short- and long-term bonds, mainly issued by the national government. The Philippine bond market is dominated mainly by Treasury notes and bonds. Although the size of the Philippine corporate bond market is still small relative to government bonds, it has been growing rapidly over the years. In the Philippines, corporate bond issuance came from various sectors, mostly banks, real estate, and telecommunication companies, toll way operators and a beer-based conglomerate.
A corporate bond is a bond issue by a corporation. It is a bond that a corporation issues to raise money effectively in order to expand its business. The term is usually applied to longer-term debt instruments, generally with a maturity date falling at least a year after their issue date. (The term "commercial paper" is sometimes used for instruments with a shorter maturity.)
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A mortgage-backed security (MBS) is a type of asset-backed security that is secured by a mortgage, or more commonly a collection ("pool") of sometimes hundreds of mortgages. The mortgages are sold to a financial institution (a government agency or investment bank) that "securitizes", or packages, the loans together into a security that can be sold to investors. The mortgages of a MBS may be residential or commercial;
A municipal bond is a bond issued by a local government, or their agencies. Potential issuers of municipal bonds include states, cities, counties, redevelopment agencies, special-purpose districts,school districts, public utility districts, publicly owned airports and seaports, and any other governmental entity (or group of governments) at or below the state level. Municipal bonds may be general obligations of the issuer or secured by specified revenues