Wednesday, September 10, 2003
Gov’t may raise as much as US$500M through Islamic bond issue (4:22 pm)
MANILA -- The government is considering raising between US$200 million and US$500 million through the issuance of Islamic bonds in the Middle East this year, Finance Sec. Jose Isidro Camacho said Wednesday.
Camacho said a team that recently returned from the Middle East "gave me favorable feedback" over the bond issue.
"If we want, we can raise bonds with a three to five year maturity," Camacho said. AFP
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