MANILA: The Philippines is looking at issuing three-, five-, seven-, 10- and 20-year bonds denominated in yen, to be priced next month, IFR reported on Monday, citing a newly filed securities registration statement.
The Southeast Asian nation is aiming to raise as much as $1 billion via Samurai bonds this year as part of the financing programme for its $180 billion "Build, Build, Build" infrastructure development plan.
Pricing is on August 8, but may be pushed back about one week, according to IFR, a Thomson Reuters unit, citing the registration statement.
The Philippines last visited the yen market in 2010 with a 10-year bond issue that raised 100 billion yen, with a guarantee from Japan Bank for International Cooperation, IFR said.
There was no such guarantee for the upcoming issue, it said.
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