Philippines Planning at Least $545 Million Peso Bond Sale, Sources Say
- Price-setting auction set for Feb. 7, people familiar said
- Treasurer declines to comment on specifics of retail bond sale
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The Philippines plans to offer peso bonds for retail investors next month, according to people familiar with the matter, potentially raising the equivalent of billions of dollars for state infrastructure and social projects.
Officials plan to hold a price-setting auction for an initial tranche worth at least 30 billion pesos ($545 million) on Feb. 7, according to the people, who asked not to be identified because they’re not authorized to speak about it. The five-year debt will be offered to the general public later in the month, they said, which is expected to increase the amount raised.