Philippine authorities are reassessing a planned large five-year bond sale later
this month after peso depreciation and higher yields pushed up borrowing costs.
The finance minister said the June-designed plan is being reviewed to keep
financing flexible amid worsening Middle East tensions; a decision on this
month’s auction will be announced shortly. Fund managers in Manila say
persistent inflation means the central bank may continue raising rates, leaving
investors cautious, delaying entries and potentially reallocating into next
year.
