RA 265 Section 122

Issue of Government obligations.

Section 122

SEC. 122. Issue of Government obligations.—The issue of securities representing obligations of the Government, its political subdivisions or instrumentalities, shall be made through, the Central Bank, which shall act as agent of, and for that account of, the Government or its respective subdivision or instrumentality, as the case may be: Provided, however, That the Bank shall not subscribe to the issue of said securities and shall not guarantee their placement.

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Other provisions in CHAPTER V.—FUNCTIONS AS FISCAL AGENT, BANKER AND FINANCIAL ADVISOR OF THE GOVERNMENT

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationRA 265 Section 122 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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