Philippines sets warrant price, but will it sell bonds?

The Philippines is pressing ahead with a planned issue of ‘paired warrants’ — its second this year — to allow domestic banks to classify its sovereign bonds as peso securities. Credit Suisse, which is leading the warrant sale, set a minimum clearing price yesterday (Tuesday). But confusion reigned over the government’s plans to return to the offshore bond market, after bankers suggested it was looking to issue more dollar denominated debt. Will the Philippines be back in the international markets soon? Read EuroWeek on Friday for more.