Euromoney cites PHL global peso bonds as one of 2012's Deals of the Year
GMA News
The Philippine global peso bonds launched last November was
one of Euromoney's Deals of the year, a recognition that the Philippines is one
of the safest emerging emerging markets for investors, the Department of Finance
said Monday.
"We welcome this award as another vote of confidence in the Aquino administration's good governance reforms, and a continued nod at the effectiveness of our proactive liability management agenda," Finance Secretary Cesar Purisima noted in a statement.
The US SEC-registered bond offering was part of government efforts at managing Philippine foreign debt. Issued in peso, but redeemable in US dollars, the bonds helped reduce the foreign exchange risk in the country debt portfolio. — VS, GMA News
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