Philippines eyes 'panda bond' issue as China ties improve | ABS-CBN
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Philippines eyes 'panda bond' issue as China ties improve
Philippines eyes 'panda bond' issue as China ties improve
ABS-CBN News
Published Mar 31, 2017 04:16 PM PHT
MANILA – The Philippines is working on approvals for its first ever issuance of “panda bonds” or yuan-denominated debt, as relations with China improve, National Treasurer Rosalia de Leon said Friday.
MANILA – The Philippines is working on approvals for its first ever issuance of “panda bonds” or yuan-denominated debt, as relations with China improve, National Treasurer Rosalia de Leon said Friday.
President Rodrigo Duterte’s economic team is planning to secure up to 20 percent of its debt requirements for 2017 overseas, De Leon told ANC’s “Market Edge with Cathy Yang.”
President Rodrigo Duterte’s economic team is planning to secure up to 20 percent of its debt requirements for 2017 overseas, De Leon told ANC’s “Market Edge with Cathy Yang.”
“We’re looking at the panda market as a possible source of financing,” De Leon said, adding no timeline has been firmed up.
“We’re looking at the panda market as a possible source of financing,” De Leon said, adding no timeline has been firmed up.
A maiden yuan debt issue will help the Philippines widen the market for its debt, she said.
A maiden yuan debt issue will help the Philippines widen the market for its debt, she said.
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Duterte sought to reset ties with China during a visit to Beijing in October last year and came home with $24 billion in trade and investment pledges.
Duterte sought to reset ties with China during a visit to Beijing in October last year and came home with $24 billion in trade and investment pledges.
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