Philippines gets central bank nod to issue as much as $2 billion in global bonds

November 8, 2018 - 6:00 PM
866
Bangko Sentral ng Pilipinas
The Philippine central bank has approved the government's plan to issue between $500 million and $2 billion worth of global bonds. (The STAR/File photo)

MANILA — The Philippine central bank has approved the government’s plan to issue between $500 million and $2 billion worth of global bonds, National Treasurer Rosalia de Leon said on Thursday.

The timing of the issue would be “subject to good issuance window”, De Leon said in a text message to Reuters.

In August the government sold $1.38 billion in yen-denominated bonds, which followed the issuance of $230 million worth of panda bonds in March and an issue of 10-year global bonds in January, which raised $750 million.

Reporting by Karen Lema; Editing by Shri Navaratnam