Asian sovereigns head west to tap demand for yield
The Republic of the Philippines and the Republic of Indonesia are meeting investors in Europe over the next two weeks as the euro market continues to be an attractive source of funding for Asian borrowers.
The Philippines is meeting investors in London on June 30, GlobalCapital Asia understands.
Although the meetings are officially part of a non deal roadshow, the sovereign is said to be considering a euro denominated offering. HSBC and Standard Chartered are organising the meetings.