MIC eyes retail investments through equity, bond issuance

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The story "MIC eyes retail investments through equity, bond issuance" was covered 11 hours ago by Business Mirror, a news publisher based in Philippines.

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MIC eyes retail investments through equity, bond issuance - Business Mirror

Quick Summary:

THE Maharlika Investment Corporation (MIC) is keen on allowing future retail investors to invest directly in the sovereign wealth fund through equity and issuance of bonds.

An additional P50 billion will come from the Bangko ng Sentral and Pilipinas and the national government’s share in the Philippine Amusement and Gaming Corp.and government financial institutions.

State-run banks Land Bank of the Philippines and the Development Bank of the Philippines remitted P75 billion collectively as seed capital to the MIC.