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.
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