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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

Philippines raises $1.39-B of debt from samurai bond sale

The Philippines marked its return to the “Samurai” debt market after an eight-year break and this time, it has sold $1.39 billion (¥154.2 billion) in yen-denominated bonds, the Department of Finance said......»»

Category: financeSource:  philstarRelated NewsAug 8th, 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

Bond sale lifts forex reserves in August

The country’s foreign exchange buffer strengthened in August due to strong inflows after the national government raised $1.4 billion from the sale of multi-tranche Samurai bonds......»»

Category: financeSource:  philstarRelated NewsSep 8th, 2018

Philippines eyes up to $1.5 B global bonds this year

The Philippines plans to raise between $1 billion to $1.5 billion through another dollar-denominated global bond issuance this year to prefund its foreign obligations maturing in January......»»

Category: financeSource:  philstarRelated NewsAug 14th, 2018

Gov’t raises $1.39B from yen debt sale

THE PHILIPPINES raised a total of ¥154.2 billion, or about $1.39 billion, as it returned to the “samurai” bond market after eight years, the Department of Finance (DoF) said in a statement on Wednesday. The post Gov’t raises $1.39B from yen debt sale appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsAug 9th, 2018

Govt sells $1.39B in samurai bonds

The Philippines returned to the samurai bond market on Wednesday by raising 154.2 billion yen or $1.39 billion, a result described by the government as reflective of strong investor interest in the country. The three-, five-, and 10-year tenors that comprised the offering raised 107.2 billion, 6.2 billion and 40.8 billion yen, respectively, Finance Secretary [...] The post Govt sells $1.39B in samurai bonds appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsAug 9th, 2018

Gov’t raises $1.39B from yen debt sale

THE PHILIPPINES raised a total of ¥154.2 billion, or about $1.39 billion, as it returned to the “samurai” bond market after eight years, the Department of Finance (DoF) said in a statement on Wednesday. The department said the government raised ¥107.2 billion in three-year papers with a 0.38% coupon, ¥6.2 billion in five-year debt that… link: Gov’t raises $1.39B from yen debt sale.....»»

Category: newsSource:  manilainformerRelated NewsAug 8th, 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

BPI unveils plan to raise P50 billion from bond sale

BPI unveils plan to raise P50 billion from bond sale.....»»

Category: financeSource:  thestandardRelated NewsSep 20th, 2018

Gov t bond sale eases 8-month dollar outflows from PH

For the month of August alone, the country's overall balance of payments position posted a surplus of $1.27 billion, marking a reversal from the $7 million deficit recorded in the same month l.....»»

Category: newsSource:  philippinetimesRelated NewsSep 20th, 2018

San Miguel says confident investors will buy stake in food unit

MANILA— San Miguel Corp. said on Wednesday it was confident of attracting investors to buy up to a $2.7 billion stake in its food and beverage unit, the Philippines‘ biggest secondary share offering. The sale of up to 1.02 billion shares in San Miguel Food and Beverage Inc is part of the parent firm’s asset restructuring […].....»»

Category: newsSource:  interaksyonRelated NewsSep 13th, 2018