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Published on 7/24/2006 in the Prospect News Emerging Markets Daily.

Philippines to retap 2016 global bonds

By Reshmi Basu

New York, July 24 - The Republic of Philippines plans to reopen its 8% global bonds due 2016 via Citigroup, Deutsche Bank and JP Morgan, according to a prospectus filed with the U.S. Securities and Exchange Commission.

On Sept. 14, 2005, the country sold $1 billion of the global bonds.

During the session, the bonds were unchanged at 102.50 bid, 103.25 offered.


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