PH to float yuan-denominated bonds to Chinese investors
The Philippines is finally pushing through with its plan to tap Chinese investors in raising fresh funds for the national government.
In a statement, the Department of Finance bared that the country has already registered its panda bond float at the Mainland, marking the first time for the Philippines to attract Chinese investors to place their bets here.
The country wants to raise some 1.46 billion renminbi (Chinese currency) from the bond float as part of its regular fund-raising efforts.
The bonds will come with a three-year tenor and will be floated this March 2018.