Philippines May Forego Global Bond Sale as It Boosts Local Debt
March 4 (Bloomberg) -- The Philippines may shun the global bond market this year, breaking a run of sales that stretches back a decade, as it boosts domestic borrowing amid record-low interest rates, Treasurer Rosalia de Leon said.
* “We would like to fund more domestically and if 100 percent
is possible, why not?” de Leon said in an interview in the
southern city of Samal, where she addressed a conference of
fund managers. The country plans to borrow 730b pesos
($17.9b) this year, and the intention is to raise at least
80% of that from the domestic market, she said