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Philippines plans $1-billion samurai bond sale

MANILA, Philippines – The government is planning to issue samurai bonds amounting to $1 billion this year, Finance Secretary  Carlos Dominguez III said in front of businessmen in Tokyo, Japan on Tuesday, June 19. The plan comes after the government's issuance of $2 billion worth of one-year dollar ........»»

Category: newsSource: rappler rapplerJun 19th, 2018

Japanese financial giants: PH samurai bonds to make a killing

Five large Japanese financial institutions are supporting the Philippines' upcoming $1-billion samurai bond sale, the first issuance without a guarantee. The Department of Finance (DOF) said i.....»»

Category: newsSource:  philippinetimesRelated NewsJun 21st, 2018

Philippines to raise $2 B from foreign borrowings

The Philippine government plans to raise about $2 billion more this year through the sale of offshore commercial bonds, including samurai and global bonds, according to the Bureau of the Treasury (BTr)......»»

Category: financeSource:  philstarRelated NewsMay 27th, 2018

Lorenzana: RP can buy choppers elsewhere

The government is ready to look for other sources of utility helicopters if Canada chooses not to proceed with the P11.7 billion sale of 16 brand new Bell 412s to the Armed Forces of the Philippines (AFP), Defense Secretary Delfin Lorenzana said. Canadian papers have reported that the Canadian government has ordered a review of the deal amid concerns that the helicopters would be used in fighting rebels.Lorenzana, in a statement, stressed that the 16 brand new Bell412 combat utility helicopters would be used by the AFP to save lives.“Should the Canadian government choose to discontinue their sale of the aircraft to us, then we will procure them from another source,” said Lorenzana.The $233 million agreement was only signed last Wednesday.Immediately after, the Canadian government, through Trade Minister Francois Philippe Champagne reportedly ordered a review of the deal after learning that the helicopters would be used for internal security operations of the AFP.“When we saw that declaration ... we immediately launched a review with the relevant authorities. And we will obviously review the facts and take the right decision,” Champagne was quoted in the reports.But Lorenzana maintained that the helicopters would be used by the AFP “primarily for the transportation of personnel and supplies, ferrying wounded and injured soldiers, and the conduct of humanitarian assistance and disaster response (HADR) operations.” “They are not attack or close support aircraft. While they may be used in support of Internal Security Operations or ISO, their role is limited to those that I mentioned,” he said.“As its designation ‘combat utility helicopter or CUH’ connotes, the Bell CUH 412 is a utility helicopter and, contrary to what some parties mistakenly believe, its mission is to save lives,” Lorenzana added.The Bell 412EPI helicopters were supposed to be delivered early next year.Canada cites HR strings on dealChampagne also mentioned human rights as key element in Canada’s foreign and trade policy.It will be recalled that Canadian Prime Minister Justin Trudeau, during last November’s Asia Pacific Economic Cooperation (Apec) Summit in Manila, raised questions on President Duterte’s war against illegal drugs which is being blamed for thousands of alleged extra judicial killings in the country.The Department of National Defense (DND), however, stressed that while it is the prerogative of the Canadian government to review the deal, human rights issue should not equate to the ISO of the AFP in general.“I think it is unfair to equate internal security operations in general with human rights violations first of all the alleged human rights violations are unverified there are still being investigated and have to be documented,” DND’s Public Affairs Service chief Arsenio Andolong said.“I think it’s premature to cast judgment on the armed forces in this regard so I think it would be to the best interests of both our countries to step back and reconsider what the Canadian government is thinking,” Andolong added.“If they don’t want to sell, well, we may consider the prospect of procuring them from other sources,” presidential spokesman Harry Roque said. Politicization raised“They must not politicize the acquisition,” said Major-General Restituto Padilla, the deputy chief of staff for plans and programmes of the Philippine armed forces.According to the Philippine defense department, the deal was signed with trade promotion outfit Canadian Commercial Corp last December, shortly after Trudeau clashed with Duterte during a Manila visit over alleged Philippine police murders of thousands of drug suspects.The Philippines employs attack helicopters and planes to support ground troops battling militants in the Muslim south, as well as against communist guerrillas in other parts of the mainly Catholic Asian nation.As well as in the drug war, the Philippine military has for years been saddled with allegations of human rights abuses in its counter-insurgency campaigns.“They are purely for utility purposes — ergo, transport purposes especially during HADR operations,” Padilla said, using a military term for disaster response.“We have separate and dedicated attack helicopters,” he added.Apart from armed insurgencies, the Philippines is also regularly battered by typhoons.“These will be used to transport personnel, supplies, humanitarian missions, ferrying of wounded and injured soldiers, and other forms of humanitarian assistance and disaster response,” Roque added.Bell Helicopter said the Philippine military would use the aircraft “for a variety of missions such as disaster relief, search and rescue, passenger transport and utility transport”. .....»»

Category: newsSource:  tribuneRelated NewsJun 7th, 2018

$1-billion Samurai bond issue eyed in Q3 2018

The Philippine government plans to issue $1 billion worth of Samurai bonds or yen-denominated securities in the third quarter of the year, a top official of the Bureau of the Treasury said yesterday......»»

Category: financeSource:  philstarRelated NewsJun 4th, 2018

Philippines debut Panda bond sale raises $230 million

MANILA, Philippines — Chinese investors swarmed the Philippines' maiden issuance of renminbi-denominated bonds, which raised 1.46 billion RMB ($230 million).....»»

Category: newsSource:  philstarRelated NewsMar 20th, 2018
Category: financeSource:  philstarRelated NewsMar 5th, 2018

$2-billion global bond sale a success — DOF

MANILA, Philippines — The Philippine government successfully sold $2 billion worth of new 10-year global bonds amid strong investor confidence from the inter.....»»

Category: financeSource:  philstarRelated NewsJan 19th, 2018

Gov’t plans Marawi bond sale in January

THE GOVERNMENT plans to sell 20-year bonds in “early January” to raise up to P30 billion to help rebuild war-torn Marawi City, the state Budget chief said yesterday. “As far as the Marawi bond is concerned, it’s a go already. The plan is to start next year early January, so it’s a go,” Budget Secretary […] The post Gov’t plans Marawi bond sale in January appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsOct 18th, 2017

Vista Land raises P5 B from dual tranche bond offer

MANILA, Philippines -  Vista Land & Lifescapes Inc., the largest homebuilder in the Philippines, successfully raised P5 billion from the sale of five-yea.....»»

Category: financeSource:  philstarRelated NewsAug 13th, 2017

Gov’t raises $2 B in 1st bond sale

MANILA, Philippines - The Philippines successfully sold $2 billion in 25-year global bonds at a rate of 3.7 percent, marking the first fund-raising activity.....»»

Category: financeSource:  philstarRelated NewsJan 19th, 2017

PH launches $2-b global bond sale

The Philippines on Wednesday launched a $2-billion global bond sale to help finance the government’s 2017 budget and repay foreign debt......»»

Category: financeSource:  thestandardRelated NewsJan 18th, 2017

Gov’t plans to borrow record P1.188T in 2019

THE Philippines is planning to borrow over P1 trillion from domestic and foreign lenders next year to finance the government’s aggressive spending program. In a message to reporters, National Treasurer Rosalia de Leon announced that gross borrowing for 2019 had been set at P1.188 trillion, 20.5 percent higher than the P986.2 billion programmed for this year. “Gross… link: Gov’t plans to borrow record P1.188T in 2019.....»»

Category: newsSource:  manilainformerRelated NewsJul 9th, 2018

Gov’t plans to borrow record P1.188T in 2019

THE Philippines is planning to borrow over P1 trillion from domestic and foreign lenders next year to finance the government’s aggressive spending program. In a message to reporters, National Treasurer Rosalia de Leon announced that gross borrowing for 2019 had been set at P1.188 trillion, 20.5 percent higher than the P986.2 billion programmed for this year. “Gross [...] The post Gov’t plans to borrow record P1.188T in 2019 appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJul 9th, 2018

Gov’t plans to raise up to P300B in Q3 debt

THE BUREAU of the Treasury said on Thursday it plans to raise as much as P270 billion from the sale of Treasury bills and bonds next quarter, 17% less than it had programmed for the current quarter......»»

Category: financeSource:  bworldonlineRelated NewsJun 29th, 2018

DOTr to pursue plunder charges vs Abaya over MRT3 mess

MANILA, Philippines – The Department of Transportation (DOTr) on Tuesday, June 26, said it plans to pursue plunder charges against former transportation officials tagged in the P4.2-billion Metro Rail Transit Line 3 (MRT3) maintenance contract. In a statement on Tuesday, Transportation Undersecretary for Legal Affairs and Procurement Reinier Paul Yebra said ........»»

Category: newsSource:  rapplerRelated NewsJun 26th, 2018

Japan to finance MRT rehab

Japan plans to extend official development assistance (ODA) loans to the Philippines with an additional P20.6 billion to fund two infrastructure projects, including upgrading the Metro Rail Transit (MRT) 3 railway in Manila, as it strongly supports the sustainable economic development of the country. Japanese Foreign Minister Taro Kono expressed his country’s intention to extend […].....»»

Category: newsSource:  tribuneRelated NewsJun 24th, 2018

China steel firm investing $3 billion in Philippines

Chinese steel manufacturer Panhua Group Co. Ltd. plans to invest up to $3 billion to develop an integrated steel industry in the country, the Philippine Economic Zone Authority (PEZA) said......»»

Category: financeSource:  philstarRelated NewsJun 23rd, 2018

ISM sells shares, eyes new investors

Listed ISM Communications Corp. announced yesterday plans to raise at least P2.5 billion in a private share sale and to take on new investors, including the Udenna Group's Dennis Uy. ISM sough.....»»

Category: newsSource:  philippinetimesRelated NewsJun 23rd, 2018

Japanese banks support samurai bond offer – DoF

The government’s planned issuance of $1-billion worth of samurai bonds has earned the support of Japan’s leading financial institutions, the Finance department said on Wednesday. In a statement, the Finance department said top officials of Mitsubishi UFJ Financial Group, Nomura Holdings Inc., Mizuho Bank Ltd., Sumitomo Mitsui Banking Corp. (SMBC) and Daiwa Securities Group Inc. [...] The post Japanese banks support samurai bond offer – DoF appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJun 20th, 2018

Gov’t closer to ‘samurai’ bond sale

THE PHILIPPINES on Tuesday sought to drum up interest in the sale of yenggdenominated bonds planned next quarter, with economic managers pitching the country’s growth story to Japanese businessmen who gathered for a briefing in Tokyo. The post Gov’t closer to ‘samurai’ bond sale appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsJun 19th, 2018