THERE is an old saying that stock investors see the sky while bond investors see the ceiling. When you invest in a stock it can go to zero, but it can also have unlimited upside. If you buy bonds, you are simply lending money expecting to be repaid the principal with fixed interest.
There are two general classifications of bonds in the Philippines: government bonds and corporate bonds. They can be denominated in Philippine pesos or in foreign currency such as the US dollar.
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