Philippines says can delay Samurai issue to 2010
Published: 22 Oct 2009 22:45:46 PSTMANILA, Oct 23 - The Philippines can postpone a planned sale of Samurai bonds to next year despite earlier plans to issue the Japanese government-backed bonds before the end of 2009, Finance Secretary Margarito Teves said on Friday.
"We can have it next year," Teves told reporters when asked about the Samurai bond plan.
Manila had previously said it could sell up to $500 million in the yen bonds in the current quarter to finance part of its 2010 borrowing needs.
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