Bonds could fund Philippines' NPL agency

The Philippine government is looking at a proposal to set up an NPL agency with receipts from bond deals.

Rob Davies

March 16, 2001

The government of the Philippines is considering a proposal to fund the setting up of a non-performing loans agency by issuing around Ps200 billion ($4.14 billion) in bonds. The idea came from Vitaliano Nanangas, chairman of the Social Security System (SSS), the state agency with responsibility for giving protection to private sector workers.

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