Philippines invites bids for sovereign bond sale
The Republic of the Philippines is expected to reopen the international debt markets for Asian borrowers in the coming weeks after inviting banks to pitch for a role on a sovereign bond issue.
The Philippines sent out a request for proposals on December 31 and is weighing its options for the debt sale, which is likely to be worth up to $1.5bn.
Philippines Treasurer Roberto Tan is yet to name the banks that will arrange the deal, but bankers expect him
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