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                    [ArticleID] => 261673
                    [Title] => Gov’t to issue P5-B zero coupon bonds
                    [Summary] => The National Government (NG) will issue some P5-billion worth of five-year zero coupon bonds to help bankroll its budget deficit for the remainder of the year. 


Pressed to meet its P197.8-billion fiscal deficit target for 2004, the government has been resorting to heavy borrowings since the start of the year as the improvement in revenue collections still cannot compensate for the public expenditure needs. 


                    [DatePublished] => 2004-08-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 259222
                    [Title] => RP raises 350-M euros in bond offer
                    [Summary] => The government  raised 350 million euros after reopening a eurobond facility due on Feb. 22, 2010, the Department of Finance (DOF) reported yesterday.


The latest move means the government has raised a total 650 million euros after the 300 million euros raised early last year, when the facility was first launched, the department added. 


"The republic decided on the total amount, following receipt of orders in excess of 700 million euros within a 24-hour marketing period," it said.


                    [DatePublished] => 2004-07-29 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 259091
                    [Title] => RP eurobond offer oversubscribed
                    [Summary] => Strong demand for the country’s debt paper in the European market has prompted the government  to raise   its  recently reopened  bond offering  to  as high as  600 million euro.  


Standard and Poor’s (S&P) Ratings Services said it has assigned a "BB" debt rating to the country’s recently reopened euro-denominated 9.125-percent bond due in 2010.


The facility was launched in February last year, generating proceeds of 300 million euro for the government.


                    [DatePublished] => 2004-07-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 194428
                    [Title] => Government to fasttrack foreign borrowings
                    [Summary] => Finance Secretary Jose Isidro Camacho disclosed yesterday the government would like to pre-empt market volatility arising from the threat of a US-led war in Iraq by fasttracking its borrowings from global  markets to finance its budget deficit.
                    [DatePublished] => 2003-02-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
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CREDIT SUISSE FIRST BOSTON AND DEUTSCHE BANK

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                    [ArticleID] => 261673
                    [Title] => Gov’t to issue P5-B zero coupon bonds
                    [Summary] => The National Government (NG) will issue some P5-billion worth of five-year zero coupon bonds to help bankroll its budget deficit for the remainder of the year. 


Pressed to meet its P197.8-billion fiscal deficit target for 2004, the government has been resorting to heavy borrowings since the start of the year as the improvement in revenue collections still cannot compensate for the public expenditure needs. 


                    [DatePublished] => 2004-08-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 259222
                    [Title] => RP raises 350-M euros in bond offer
                    [Summary] => The government  raised 350 million euros after reopening a eurobond facility due on Feb. 22, 2010, the Department of Finance (DOF) reported yesterday.


The latest move means the government has raised a total 650 million euros after the 300 million euros raised early last year, when the facility was first launched, the department added. 


"The republic decided on the total amount, following receipt of orders in excess of 700 million euros within a 24-hour marketing period," it said.


                    [DatePublished] => 2004-07-29 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                (
                    [ArticleID] => 259091
                    [Title] => RP eurobond offer oversubscribed
                    [Summary] => Strong demand for the country’s debt paper in the European market has prompted the government  to raise   its  recently reopened  bond offering  to  as high as  600 million euro.  


Standard and Poor’s (S&P) Ratings Services said it has assigned a "BB" debt rating to the country’s recently reopened euro-denominated 9.125-percent bond due in 2010.


The facility was launched in February last year, generating proceeds of 300 million euro for the government.


                    [DatePublished] => 2004-07-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 194428
                    [Title] => Government to fasttrack foreign borrowings
                    [Summary] => Finance Secretary Jose Isidro Camacho disclosed yesterday the government would like to pre-empt market volatility arising from the threat of a US-led war in Iraq by fasttracking its borrowings from global  markets to finance its budget deficit.
                    [DatePublished] => 2003-02-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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)

abtest

Gov’t to issue P5-B zero coupon bonds

By Des Ferriols | August 18, 2004 - 12:00am

The National Government (NG) will issue some P5-billion worth of five-year zero coupon bonds to help bankroll its budget deficit for the remainder of the year. Pressed to meet its P197.8-billion fiscal deficit...

Business

RP raises 350-M euros in bond offer

July 29, 2004 - 12:00am

The government raised 350 million euros after reopening a eurobond facility due on Feb. 22, 2010, the Department of Finance (DOF) reported yesterday. The latest move means the government has raised a total 650...

Business

RP eurobond offer oversubscribed

By Des Ferriols | July 28, 2004 - 12:00am

Strong demand for the country’s debt paper in the European market has prompted the government to raise its recently reopened bond offering to as high as 600 million euro. Standard and Poor’s...

Business

Government to fasttrack foreign borrowings

February 7, 2003 - 12:00am

Finance Secretary Jose Isidro Camacho disclosed yesterday the government would like to pre-empt market volatility arising from the threat of a US-led war in Iraq by fasttracking its borrowings from global markets...

Business