Bloomberg News

Philippines May Raise 60 Billion Pesos From Retail Bond Offer

September 28, 2011

Sept. 28 (Bloomberg) -- The Philippines may raise at least 50 billion pesos to 60 billion pesos from the sale of bonds targeted to individuals by the second or third week of October, Deputy Treasurer Eduardo Mendiola told reporters today.

The government may offer retail bonds due in 10- and 15- years, Mendiola said after the debt auction. It received proposals from two groups on the sale of debt targeted to individuals and will probably select arrangers this week, Mendiola said. The government’s fourth-quarter auction schedule won’t be affected by the retail debt offer, he said.

To contact the reporter on this story: Max Estayo in Manila at mestayo@bloomberg.net

To contact the editor responsible for this story: Clarissa Batino at cbatino@bloomberg.net


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