The Philippines plans to sell its first inflation-linked bonds in the fourth quarter before returning to the global debt market in 2014 after a year’s absence, Treasurer Rosalia de Leon said.
The Philippines may offer about $750 million in global bonds in 2015, half the overseas debt it sold this year as the nation continues to favor domestic borrowing, Treasurer Rosalia de Leon said.
The Philippines may shun the global bond market this year as record-low interest rates at home and flush money supply supports increased domestic borrowing, Treasurer Rosalia de Leon said.
The Philippines will boost domestic bond sales to the most since at least 2005 next quarter as it seeks to raise nearly all of its debt requirements locally amid record-low interest rates and a strengthening peso.
"The U.S. Attorney's office asked me to assist their investigation as a witness and I have done so per the letter released from the U.S. Attorney's office, which also made clear that I am neither a subject or target of the investigation."
- De Leon on Nov 14, 2013