19.03.2010 - Philippines approves $1 bln offshore retail bond sale
From Iii.co.uk: Philippine President Gloria Macapagal Arroyo has authorised the sale of up to $1 billion worth of dollar- and euro-denominated retail bonds to Filipinos abroad, the country's national treasurer said on Thursday. "The authority is up to $1 billion," Roberto Tan told Reuters in a phone interview. "We have enough headroom." He said the initial sale may be in the "vicinity of $500 million", adding the timing has yet to be finalised.......................................Full Article: Source
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