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                    [ArticleID] => 97073
                    [Title] => Government mulls bond float to fund budget deficit
                    [Summary] => The Arroyo administration is studying the proposal of French investment bank BNP Paribas to issue three-year floating bond rates of $200 million to $300 million.


Outgoing Finance Secretary Joel Banares said the proceeds of the bond flotation will be used to fund the projected budget deficit of P145 billion this year.


Banares said the government is also looking at other proposals by foreign banks which want to undertake the bond flotation that could take place sometime in June or July.


                    [DatePublished] => 2001-02-19 00:00:00
                    [ColumnID] => 133272
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OUTGOING FINANCE SECRETARY JOEL BANARES

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                    [ArticleID] => 97073
                    [Title] => Government mulls bond float to fund budget deficit
                    [Summary] => The Arroyo administration is studying the proposal of French investment bank BNP Paribas to issue three-year floating bond rates of $200 million to $300 million.


Outgoing Finance Secretary Joel Banares said the proceeds of the bond flotation will be used to fund the projected budget deficit of P145 billion this year.


Banares said the government is also looking at other proposals by foreign banks which want to undertake the bond flotation that could take place sometime in June or July.


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abtest

Government mulls bond float to fund budget deficit

February 19, 2001 - 12:00am

The Arroyo administration is studying the proposal of French investment bank BNP Paribas to issue three-year floating bond rates of $200 million to $300 million. Outgoing Finance Secretary Joel Banares said the...

Business