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UPDATE 1-Philippines eyes at least $557 mln via new retail bond offer

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Adds details, background) MANILA, Feb 3 (Reuters) - The Philippines will launch next week an offer of peso-denominated retail bonds due 2028, seeking to raise 30 billion pesos ($556.79 million) initially at a rate-setting auction on Feb. 7, the Bureau of the Treasury said.


The offer includes a swap option for holders of some bonds maturing this year, it said in a notice on its website. The public offer period runs from Feb. 7 until Feb. 17. The government last offered


peso retail bonds in September, raising 420.45 billion pesos, the first such issue under the administration of President Ferdinand Marcos.


The 5.5-year bonds will be available to retail investors at a minimum amount of 5,000 pesos.
(Reporting by Enrico Dela Cruz Editing by Ed Davies)

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