The national government is offering investors to give up their - TopicsExpress



          

The national government is offering investors to give up their current holdings of Philippine notes in exchange for a fresh long-dated US dollar bond. In a statement on January 5, 2015, the government announced its latest debt management program that aims to retire 15 outstanding bonds for a new US dollar-denominated 25-year benchmark, which is being marketed to yield around 4.2 percent. However, should investors decide not to buy the new bonds, the Philippine government is offering them cash to buy back their holdings. Read more: bit.ly/1BCp157
Posted on: Tue, 06 Jan 2015 05:40:01 +0000

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