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What is the purpose of public debt (bond) issues?

The purposes are:

(a) to develop and maintain an efficient and high-quality bond market, establishing referential rates for the local financial market and local businesses;

(b) to encourage the participation of foreign investors in order to achieve financial integration of our economy with international markets; and

(c) to ensure the financing needs of the government and reduce long-term financing costs given prevailing risk.

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