Philippines Still Open to $500 Million Global Debt Sale, Swap

Sept. 30 (Bloomberg) -- The Philippines may still sell global debt and hold a bond exchange this year “if there is opportunity,” Finance Secretary Cesar Purisima told a media briefing today in Manila.

The Philippines has a remaining $500 million overseas debt sale on its 2011 funding plan. “We are considering all instruments but we haven’t started formal discussions,” Purisima said when asked on the possibility of offering inflation-linked bonds next year.

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