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Philippines May Sell Debt Cheaper Than Indonesia
February 02, 2010

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The Philippines may sell 10-year debt to Japanese investors at a yield of 0.8 to 1.1 percentage points more than the yen swap rate, according to a person with knowledge of the deal.

The interest-rate swap of the same maturity was 1.41 percent in Tokyo, indicating the Philippines may be able to sell the notes cheaper than Indonesia’s offering of yen-denominated notes in July. 


Bloomberg




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