The Philippines plans second peso global next year

Bankers are preparing for the sovereign bond rush that typically augurs the start of the New Year. Aside from the Philippines, another candidate that could hit the market early is Indonesia, while Vietnam and Mongolia remain outliers.
December 07, 2010

The Republic of the Philippines (RoP) is planning to issue its second benchmark peso-denominated global bond early next year, according to various sources. A benchmark is typically at least $500 million in size. No RFPs (requests for proposals) have been sent out, but in the past the RoP has customarily held beauty contests before the Christmas break for its US dollar issues.

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