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THE PHILIPPINES will launch subsequent week a suggestion of peso-denominated retail bonds due 2028, looking for to lift P30 billion ($556.79 million) initially at a rate-setting public sale on Feb. 7, the Bureau of the Treasury stated.

The supply features a swap choice for holders of some bonds maturing this 12 months, it stated in a discover on its web site.

The general public supply interval runs from Feb. 7 till Feb. 17.

The federal government final provided peso retail bonds in September, elevating P420.45 billion pesos, the primary such difficulty below the administration of President Ferdinand R. Marcos, Jr.

The 5.5-year bonds can be obtainable to retail buyers at a minimal quantity of 5,000 pesos. – Reuters

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