Philippines bond plans raises eyebrows in Singapore

Citibank, ING Barings and UBS Warburg vie to bring the Republic of the Philippines to the Singapore dollar bond market.

Sergio Edeza, the country's National Treasurer says that as a result of economic uncertainties in the US, the Republic is looking to fund its budget deficit in currencies other than just US dollars.

In view of what has been happening in the US recently, we're looking at doing deals in other currencies, he states. We've received proposals from three institutions, but everything is still in the initial stages. We haven't chosen the bank, how much the deal would be for, or how much interest would be paid. We are currently focusing on issuing in Japan, but we will decide whether to proceed with a Singapore dollar deal by the third week...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222