Philippines Has Treasury Funds for Bond Buyback, De Leon Says

Oct. 10 (Bloomberg) -- The Philippines has funds and won’t raise “new money” to buy back bonds, Finance Undersecretary Rosalia De Leon said by phone today.

The Treasury will buy dollars from the central bank for the transaction, De Leon said.

To contact the reporter on this story: Max Estayo in Manila at mestayo@bloomberg.net

To contact the editor responsible for this story: Cecilia Yap at cyap19@bloomberg.net