Manila seeks global peso bond approval

Reuters

Posted at Aug 03 2010 12:38 PM | Updated as of Aug 03 2010 08:38 PM

MANILA, Philippines - The government has asked the central bank for approval of its planned global peso bond offer this year, deputy central bank governor Diwa Guinigundo said on Tuesday.

The central bank approves all overseas loans and debt sales as part of its mandate to manage the country's balance of payments profile.