Philippines happy to wait for next global bond

18 Apr 2012

The Republic of the Philippines wants to raise around $750m in the international bond market this year, but has no plans to follow in Indonesia’s footsteps by making a rapid return to the market anytime soon.

The government is around $750m from completing its plan to borrow $2.25bn from offshore commercial creditors this year, said a senior government official this week.

The Philippines raised $1.5bn from a 25 year bond in January, generating some $12.5bn of demand. The 5% January 2037 deal has traded ...

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