Manila raises $2.4 bln from retail bond sale-arranger
Published: 22 Sep 2009 01:06:35 PSTMANILA, Sept 22 - The Philippines, facing a record budget deficit this year, raised less than 115 billion pesos ($2.4 billion) from the sale of retail bonds, one of the arrangers said on Tuesday.
The last day of the public offer yielded less than 500 million pesos, which brought the total retail bond sale to slightly below 115 billion pesos, First Metro Investment Corp <FMIC.PS> executive vice president Juanchito Dispo told Reuters.
National Treasurer Roberto Tan told Reuters on Tuesday the government had raised 114.4 billion pesos from the sale of retail bonds as of Friday.
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