• Headlines
  • City/Region News
    • Baguio City
    • CAR
    • Nation
  • Sectoral news
    • Elections
      • Elections – 2022
      • Elections – 2019
    • Agriculture, Fishery and Pets
    • Business & Livelihood
    • Education, Arts & Culture
    • OFW | Migration
    • Environment and Disaster Management
    • Science and Technology
    • Tourism, travel and Events
    • Other Lifestyle
    • Police Beat
  • Health
    • Covid-19 Advisory and Updates
  • Opinion
    • Editorial
    • Columns
    • Timek Ti Umili
  • Sports
  • Other sections
    • Features
    • Photos/Videos
      • Photos
      • Videos
    • Words for reflection
    • Sponsored articles
    • Jobs in Baguio
    • Elections
  • Ads & Notices
    • Obituaries
  • About Us
    • About Us
    • Directory
    • Contribute
    • Advertise
    • Cookie Policy
    • Contact Us
HERALD EXPRESS | News in Cordillera and Northern Luzon
ADVERTISEMENT
  • Headlines
  • City/Region News
    • Baguio City
    • CAR
    • Nation
  • Sectoral news
    • Elections
      • Elections – 2022
      • Elections – 2019
    • Agriculture, Fishery and Pets
    • Business & Livelihood
    • Education, Arts & Culture
    • OFW | Migration
    • Environment and Disaster Management
    • Science and Technology
    • Tourism, travel and Events
    • Other Lifestyle
    • Police Beat
  • Health
    • Covid-19 Advisory and Updates
  • Opinion
    • Editorial
    • Columns
    • Timek Ti Umili
  • Sports
  • Other sections
    • Features
    • Photos/Videos
      • Photos
      • Videos
    • Words for reflection
    • Sponsored articles
    • Jobs in Baguio
    • Elections
  • Ads & Notices
    • Obituaries
  • About Us
    • About Us
    • Directory
    • Contribute
    • Advertise
    • Cookie Policy
    • Contact Us
No Result
View All Result
  • Headlines
  • City/Region News
    • Baguio City
    • CAR
    • Nation
  • Sectoral news
    • Elections
      • Elections – 2022
      • Elections – 2019
    • Agriculture, Fishery and Pets
    • Business & Livelihood
    • Education, Arts & Culture
    • OFW | Migration
    • Environment and Disaster Management
    • Science and Technology
    • Tourism, travel and Events
    • Other Lifestyle
    • Police Beat
  • Health
    • Covid-19 Advisory and Updates
  • Opinion
    • Editorial
    • Columns
    • Timek Ti Umili
  • Sports
  • Other sections
    • Features
    • Photos/Videos
      • Photos
      • Videos
    • Words for reflection
    • Sponsored articles
    • Jobs in Baguio
    • Elections
  • Ads & Notices
    • Obituaries
  • About Us
    • About Us
    • Directory
    • Contribute
    • Advertise
    • Cookie Policy
    • Contact Us
No Result
View All Result
HERALD EXPRESS | News in Cordillera and Northern Luzon
No Result
View All Result
Home City

Rules on issuance of bonds crafted

Dexter A. See by Dexter A. See
May 21, 2023
in City
4
0
Cabarrubias is full-pledged City Treasurer
1
SHARES
22
VIEWS
Share on FacebookShare on Twitter

The City Council, during last Monday’s regular session, approved on first reading a proposed ordinance providing for the guidelines on the issuance of bonds by the city government, identification of development projects for funding and for other purposes.

Under the proposed ordinance authored by Councilor Levy Lloyd Orcales, the offering of bonds by the city government shall create an alternative financing mechanism for the development projects of the city; promote bond investment in the city; reduce the dependence of the local government on bank loans or credit financing; widen the people’s participation in local government projects and initiatives through direct investments as bond holders to revenue generating development projects; improve the investment climate of the city by enhancing private investors support to local projects; allow the local government to accommodate more local development projects, funded by the people and to be operated and constructed by the local government and provide additional investment options to residents or constituents that would allow them to earn incremental interest income.

The ordinance stipulated that it shall only cover the indicative terms and conditions on bond issue taking into account project cost, ability to pay, controlled debt servicing in consonance with government rules and regulations; mechanisms and guidelines in the determination of tenure, pricing denomination, facility size, servicing, and other structures that are necessary for the issuance; selection and engagement of underwriters, financial advisors, trustees, government financial intermediaries, and other third party providers as may be necessary, such as but not limited to registry and paying agent, a transaction council, and a credit rating agency; identification of local development projects to be financed through bond flotation and organizational development of relevant city government offices to enhance local government capacity to administer bond issuance.

In consultations with the sectors concerned, the local government shall identify specific revenue generating or self-liquidating projects that will be financed by the proposed indebtedness where the same shall appraise the public of the intended use of the proceeds of the bonds subject to the approval of the local legislative body, the city shall prioritize funding local development and investment projects as provided but not limited to airports, hospitals and health centers, markets, including satellite and district markets, commercial centers and livelihood complex, factories and industrial infrastructures, waste-to-energy facilities, green infrastructures, parking buildings, tourism promotions and investment related infrastructures, sports facilities, and other economic enterprises by the city.

The city may outsource and engage third parties needed for the management, issuance and servicing of Baguio bonds where an agreement shall be undertaken by the city government based on the agreed upon terms of reference with each of the respective third parties as approved by the local legislative body. Funds for the said matter should be sourced from the annual appropriations of the City Budget Office. All subsisting government rules and regulations pertaining to the consultancy services shall be strictly complied with by the city through the Bids and Awards Committee.

Previous Post

K Servico donates 3 ‘Ongbak’ units to CLGU Tabuk

Next Post

DA-CAR conducts testing, validation of inbred rice seed varieties

Next Post
DA-CAR readies Php4.4M-worth Rehab Plan for flash flood-affected Banaue farmers

DA-CAR conducts testing, validation of inbred rice seed varieties

ADVERTISEMENT

Recent News

13 Benguet towns to get PNP patrol cars

23 wanted persons arrested by Cordillera cops

June 4, 2025
Drug courier with P1.8 marijuana arrested

Former Abra town mayor gunned down

June 4, 2025
CAR Experts Triangulate Highlands Growth Snags

‘Silly,’ The ICC?

June 4, 2025
Petitioner withdraws signature to Yap’s disqualification case

Petitioner withdraws signature to Yap’s disqualification case

June 4, 2025
ADVERTISEMENT
ADVERTISEMENT
HERALD EXPRESS | News in Cordillera and Northern Luzon

Herald Express is a news organization based in Baguio City that has a weekly publication and an online news portal. The newspaper is circulated in the different provinces of Northern Luzon. The name of the fastest-growing publication in town is coined from the word ‘quick messenger’ which is self-explanatory.

Follow Us

Search

No Result
View All Result

© 2024 Baguio Herald Express | Website Design and Development by Neitiviti Studios

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT

Add New Playlist

No Result
View All Result
  • Headlines
  • City/Region News
    • Baguio City
    • CAR
    • Nation
  • Sectoral news
    • Elections
      • Elections – 2022
      • Elections – 2019
    • Agriculture, Fishery and Pets
    • Business & Livelihood
    • Education, Arts & Culture
    • OFW | Migration
    • Environment and Disaster Management
    • Science and Technology
    • Tourism, travel and Events
    • Other Lifestyle
    • Police Beat
  • Health
    • Covid-19 Advisory and Updates
  • Opinion
    • Editorial
    • Columns
    • Timek Ti Umili
  • Sports
  • Other sections
    • Features
    • Photos/Videos
      • Photos
      • Videos
    • Words for reflection
    • Sponsored articles
    • Jobs in Baguio
    • Elections
  • Ads & Notices
    • Obituaries
  • About Us
    • About Us
    • Directory
    • Contribute
    • Advertise
    • Cookie Policy
    • Contact Us

© 2024 Baguio Herald Express | Website Design and Development by Neitiviti Studios