Philippines Plans Peso Linker Before Global Bond: Southeast Asia
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The Philippines plans to sell its first inflation-linked bonds in the fourth quarter before returning to the global debt market in 2014 after a year’s absence, Treasurer Rosalia de Leon said.
The Treasury will meet investors including insurance companies to gauge interest in peso-denominated linkers to be offered by year-end, de Leon, 52, said in an interview at her office in Manila yesterday. The government may meet 10 percent of its funding needs overseas next year by selling $1 billion of notes and borrowing another $1 billion from lenders such as the World Bank and Asian Development Bank, she said.