Sale could start in first half of this year
PUBLISHED : 20 Jan 2025 at 20: 26
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A view of skyrise buildings in Manila’s Makati financial district. (File photo: Reuters)
MANILA — The Philippines plans to sell US$3.5 billion in overseas debt this year, lower than last year, as heightened global uncertainties may prompt the government to borrow more domestically as rate cuts continue, according to its finance chief.
Most of the planned global bond offer will be in US dollars, and the sale could start in the first half, Finance Secretary Ralph Recto told Bloomberg Television’s Haslinda Amin on Monday on the sidelines of the World Economic Forum (WE
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