Philippine government ABS: pipe dream?

The Philippines government is once again evaluating a securitization deal to alleviate its debts. Among the assets being considered are natural gas and gambling revenues. Local bankers, however, have raised eyebrows at the news.
March 09, 2001

A previous plan in 1999 to securitize future receivables from the state-owned Philippines Amusement and Gaming Corp (Pag Corp) — which was mandated to Bear Stearns and Lehman Brothers — was scrapped because it was deemed impossible to market to domestic and international investors.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media