Philippine central bank faces financing decision

The Bangko Sentral ng Pilipinas (BSP) has begun to consider the difficult task of how it might re-finance $400 million of eurobonds which fall due in February.

Jackie Horne

October 18, 2000

The Philippine’s central bank is scouring the market for potential options and is said to remain optimistic that it will be able to find a cost-effective solution before the end of the year, despite the fact that timing could hardly be more inopportune.

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