Municipal Bonds could boost Mambulao’s funding for development projects By PERCY OSTONAL MWB uzz Marketing Director The government of Mambulao can free itself from debt loans from government financing institutions (GFIs) by issuing Municipal Bonds to fund its projects and social initiatives. The LGU may issue municipal bonds to raise funds for infrastructure, roads, airports, public markets, schools, new basketball courts, fish port, sewer canal expansion, job-making projects, and so on. When a citizen of Mambulao buys an MB, he or she is loaning money to the LGU in exchange for a set number of interest payments over a predetermined period. At the end of that period, the bond reaches its maturity date and the full amount in the bondholder’s original investment is returned to him plus interest income. There is nothing new about MB as it has been used by local governments for years, but its effect could offer renewed hopes to the people and the communi...
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