FIMS Practice Questions - SEC Fixed Income Market Salesman (FIMS) Exam

Which of the following statements regarding Retail Dollar Bonds (RDBs) issued by the Philippine government is correct?

They must be purchased and settled exclusively in Philippine Pesos They are US dollar-denominated securities designed to provide retail investors a low-barrier access to foreign currency assets They are sold only to institutional buyers and qualified institutional buyers (QIBs) They carry a variable interest rate linked directly to the BSP overnight rate

Correct Answer:

They are US dollar-denominated securities designed to provide retail investors a low-barrier access to foreign currency assets

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