Bloomberg News

Philippine Retail Bond Offer May Exceed March Sale, FMIC Says

October 05, 2011

Oct. 5 (Bloomberg) -- The Philippines’ peso bond sale to individual investors this month can “easily” match or even exceed the 104 billion pesos ($2.37 billion) it raised at the last offering of such securities in March, First Metro Investment Corp. President Roberto Juanchito Dispo said today.

The government will hold a price-setting auction for 10- and 15-year retail bonds on Oct. 10 and offer the securities until Oct. 17, Dispo said in a phone interview.

A “recommended” offer size is between 100 billion pesos and 150 billion pesos and “that will depend on the issuer’s decision,” Dispo said.

To contact the editor responsible for this story: Cecilia Yap at cyap19@bloomberg.net


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