Philippines global peso could launch within days

06 Sep 2010

The Republic of the Philippines is planning to launch its global peso bond this week, a funding official told EuroWeek Asia. The deal will be denominated in dollars, but will offer global investors exposure to the movements of the Philippine peso.

Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC and JPMorgan are managing the synthetic peso deal but as recently as last week did not know whether the sovereign would move ahead with the  bond quickly — or wait until it had launched a debt swap for some of ...

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