Ph eyes new dollar bond sale
The government is looking to repeat its earlier success. Manila Times reported .that Finance Secretary Carlos Dominguez III was considering undertaking another dollar bond issuance by “late third or early fourth quarter,”.
Although the amount was not yet revealed, Dominguez said fresh funding would be used for infrastructure projects..
The bond issuance is also being timed in “anticipation of Fed’s moves,” or higher interest rates in the United States which would make it more expensive to borrow in the foreign currency.
The government issued $2 billion worth of d bonds in January.