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Government plans to tap foreign debt mart

MANILA, Philippines – The Aquino administration is eyeing to tap the foreign debt market again this year following a successful fund-raising activity in January.
Finance Secretary Cesar Purisima said the government is particularly looking at issuing global peso notes (GPN) as part of efforts to cut its foreign currency-denominated debt. โ€œWe are considering another GPN this year,โ€ Purisima said.
However, he stressed that there is no decision yet and that the exact timing and volume of a new issue would depend on market conditions.
Purisima said the government may issue at least $500 million in new peso-denominated notes. GPNs are denominated in peso but issued offshore.
The Philippines first issued global peso bonds in September 2010, the first in Asia to sell bonds abroad in its own currency.
It sold $1 billion in 10-year global peso bonds in September 2010 and $1.25 billion in January 2011.
The issuance of peso-denominated bonds is among the new initiatives undertaken by the new administration to better manage government debt.
Purisima believes that reducing the foreign-currency component of the governmentโ€™s debt would help cushion the economy from foreign exchange fluctuations.
The move has been recognized positively by global credit rating agencies.
The Philippines, Asiaโ€™s largest sovereign issuer, has not issued a GPN yet for this year.
In January, it borrowed $1.5 billion from the foreign debt market through the issuance of dollar-denominated 2037 bonds.
The January bonds attracted $12.5 billion worth of offers.
The government plans to borrow $4.02 billion from external sources this year, lower than the programmed $4.5 billion for last year, according to the latest data from the Department of Finance (DOF).
Of the $4.02 billion, the government plans to borrow $2.25 billion to $2.5 billion from the commercial debt market and to borrow $1.77 billion worth of program and project loans.
Purisima, who was in Europe last week for a no-deal roadshow, expressed optimism that investors would swamp another debt sale from the Philippines.
He said that investors believe in the good governance platform of the Aquino administration.

http://www.philstar.com/Article.aspx?publicationSubCategoryId=66&articleId=782496

Manila families with small children looking for an accessible place for kids to have fun frequently visit private resort in Clark Pampanga to unwind relax in family bonding, top venue for reunion.

Some hotels and resorts offer free WIFI Internet connection to guests. This includes beach resort of Clearwater which also offers free Internet connection in the room as well as in the outdoor areas even near the beach and by the lake.

Fine dining restaurants like Yats Restaurants and Wine Bar also offers good internet connection to their guests. Highly recommended bar, pub and nightlife spot The London Pub located inside Mimosa also offers good internet connection to guests.

The London Pub is a classic English Gastropub frequented by local expats and business community. It serves up good food, plenty of excellent vintage wine by the glass and a good selection of Cuban cigars. The ambience is old English, dark wood, comfortable and relaxed.

Where to go in Clark? Hotel Clark Philippines is a De Luxe Hotel in Clark and Subic, a risk free place to stay, cozy and nice ambience, a nice function place for special occasion

You might want to check also the Yats Restaurant is the best restaurant for special dinner, best restaurant for dinner with friends near Manila, also the best place to celebrate special events.

Famous Restaurant in Pampanga, a place to dine with friends in Clark, cozy restaurant with a nice ambience, a nice function place for special occasions. Yats Restaurant is one of the good restaurants in Pampanga, a restaurant with good food, a place that is nice for celebration, ideal for business dinner meeting, a good place to enjoy family reunion, and an attractive restaurant that serves good wines for dinner.

Are you looking for an attractive restaurant or a nice place to eat with friends in Clark, Angeles City Pampanga? Yats Restaurant and Wine Bar is a restaurant with good food and good wines for dinner located at Clark Angeles City Pampanga. Perfect for exclusive dinner venues for groups, recommended for private dinner in Philippines. A Restaurant in Clark for business dinner meeting. Private dinner place or dinner restaurant in Clark Subic Near Manila Angeles City Pampanga. Yats Restaurant is one of the Good Restaurant in Pampanga Angeles City Clark near Manila.

Frequent travelers and visitors staying in Angeles City Pampanga Clark Philippines look for restaurants, coffee shops, bars, pubs, hotels and resorts in Clark that serve high quality Nespresso coffee to guests. Here are some of the highly recommended places in Clark that offer good gourmet Nespresso coffee.

Looking for interesting hotels near Manila Subic Clark Angeles City Pampanga?
Trouble free hotels and well recognized hotels in Subic Clark Angeles City Pampanga
Clearwater Resort and Country Club offers a good place to stay in Subic Clark Angeles City Pampanga. In offers nice place to have rest in Subic Pampanga outside Manila.
One of the Philippines top hotels in north Luzon.

This web site contains articles and information that will be helpful to visitors, residents and tourists traveling out of town from Manila on a short getaway to Subic, Angeles City, Pampanga and Clark Philippines. There are several web sites that contain information that might also be pertinent to what is happening in North Luzon, Subic, Tarlac, Pampanga, Clark Freeport Philippines.

Looking for a party venue in town?
Clearwater Resort and Country Club is one of the ideal venues for birthday party because it is a risk free venue. Not only Birthday Parties but also a good place to enjoy family reunion. A good place to celebrate special occasions. Clearwater Resort and Country Club is one of the resorts in Subic Clark Angeles City Pampanga or near Manila with activity amenities, place that are nice for celebration.

Wedding couples looking for wedding reception venues and beach wedding venues can log on to this Philippines Wedding Venue web site for free information and assistance:

For assistance with lodgings, accommodations, hotels and resorts near Manila in Subic, Pampanga, Angels City and Clark Philippines log on to http://www.HotelClarkPhilippines.com

While in Clark, one might as well add to the itinerary a visit to the famous Clark Wine Center, the largest wine shop in Philippines which offers over 2000 selections of fine vintage wine from all wine regions, vintages spanning over 50 years covering all price ranges.

http://www.ClarkWineCenter.com

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