RP says any new overseas debt would be issued in Q4


Posted at Jun 18 2008 04:32 PM | Updated as of Jun 19 2008 12:32 AM


The Philippines said on Wednesday that if it decides to issue more sovereign debt it would be sold in the fourth quarter.

"If ever there is any, it looks like it would be in the last quarter," Treasury Secretary Roberto Tan told reporters.

The Philippines has said it may go back to the overseas debt market to raise as much as $750 million to fund its budget deficit this year.