Philippines' NFA to sell $107 mln 10-yr bonds
Reuters
Reuters - Thursday, October 22
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MANILA, Oct 22 - The Philippines' state grain agency will sell 5 billion pesos worth of 10-year notes on Oct. 27, the Bureau of Treasury said on Thursday.
The National Food Authority , tasked with securing domestic rice supply and stabilising prices, had said earlier it wants to raise 27 billion pesos from the domestic debt market to fund operations and repay maturing obligations. It has said it may do so in several tranches.
The NFA has debt of around 100 billion pesos, most of which is falling due within a year. [ID:nMAN463388]
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