(Bloomberg) -- The Asian Development Bank will sell
5 billion Philippine pesos ($108 million) of five-year bonds to
help fund operations, according to a document obtained from one
of the arrangers.
The Manila-based bank seeks to pay between 80 percent and
85 percent of the yield on the Philippine government's five-year
benchmark note, ADB Assistant Treasurer Juanito Limandibrata
said in a phone interview today. That is equivalent to a yield
between 4.9 percent and 5.2 percent, according to Bloomberg
calculations based on today's rate.
Read more at Bloomberg Bonds News
5 billion Philippine pesos ($108 million) of five-year bonds to
help fund operations, according to a document obtained from one
of the arrangers.
The Manila-based bank seeks to pay between 80 percent and
85 percent of the yield on the Philippine government's five-year
benchmark note, ADB Assistant Treasurer Juanito Limandibrata
said in a phone interview today. That is equivalent to a yield
between 4.9 percent and 5.2 percent, according to Bloomberg
calculations based on today's rate.
Read more at Bloomberg Bonds News
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