Philippines Sells 55 Billion Pesos of Retail Bonds, Dispo Says

The Philippines has sold about 55 billion pesos of bonds targeted to individuals, First Metro Investment Corp. (FMIC) President Roberto Juanchito Dispo said in a mobile phone message today.

The 10- and 15-year retail bonds will be offered until Oct. 17. The government sold about 104 billion pesos of bonds to individuals in March. About 29 billion pesos of 15-year bonds were so far sold, said Dispo, who’s helping arrange the sale.

To contact the reporter on this story: Cecilia Yap in Manila at cyap19@bloomberg.net

To contact the editor responsible for this story: Clarissa Batino at cbatino@bloomberg.net

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