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Philippines Sells 55 Billion Pesos of Retail Bonds, Dispo Says

Oct. 14 (Bloomberg) -- The Philippines has sold about 55 billion pesos of bonds targeted to individuals, First Metro Investment Corp. 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.

Link to Company News:{FMIC PM <Equity> CN <GO>}

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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