Philippines to offer minimum of $603 mln retail treasury bonds

MANILA, Nov 12 (Reuters) – The Philippines’ Bureau of the Treasury will offer peso-denominated 5.5-year retail treasury bonds in a minimum principal amount of 30 billion pesos ($603 million), with a swap offer for bonds falling due in 2022, it said on Friday.

The bond offer will be formally launched on Nov. 16 and follows the government’s first onshore retail dollar bond issue that raised $1.6 billion in September, helping boost funding for government programs to support the economy’s recovery. nL4N2QX1FP

(Reporting by Enrico Dela Cruz; Editing by Sanjeev Miglani)

((enrico.delacruz@tr.com))