Gov't eyes local bond swap in Nov

Reuters

Posted at Oct 04 2010 12:50 PM | Updated as of Oct 04 2010 08:50 PM

MANILA, Philippines - Finance Secretary Cesar Purisima said on Monday the government may launch its local bond swap in the next month or so, although details were still to be finalized.

Purisima said the government wanted to extend its maturity profile and could look at issuing 20-year and 25-year bonds to be swapped with existing shorter-dated bonds.