The government is mulling over the issuance of samurai bonds in Japan while firming up the upcoming sale of panda bonds in China, Finance Secretary Carlos G. Dominguez III said.
The government is mulling over the issuance of samurai bonds in Japan while firming up the upcoming sale of panda bonds in China, Finance Secretary Carlos G. Dominguez III said.
“We will consider issuing samurai bonds in the future,” Dominguez said in a text message to reporters, referring to yen-denominated debt paper issued in Tokyo by non-Japanese firms.
Dominguez and the Duterte administration’s economic team were in Japan last Monday until Tuesday to firm up Japanese financing for big-ticket infrastructure projects, including the country’s first subway system, as well as pitch the Philippines’ growth story to investors.
From Wednesday to Friday, they moved to China to meet with Chinese government officials also to pitch infrastructure projects to be constructed under the ambitious “Build, Build, Build” program aimed at ushering in the “golden age of infrastructure.
