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

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