Treasury to issue panda and samurai bonds next year

The Bureau of the Treasury said the government will issue panda and samurai bonds next year as part of the financing program for next year.
Following the Treasury bills auction, National Treasurer Rosalia V. De Leon confirmed the statement of Finance Secretary Carlos G. Dominguez that the government will issue renminbi- and yen-denominated papers in 12-18 months.
“That would be next year so that would again be part of the financing program for next year. So we will issue,” Ms. De Leon told reporters on Tuesday, Aug. 28, adding that it is still “subject to the usual” market conditions.
“We are looking at all the possible funding sources including the panda [and] the samurai [bonds],” she noted.
She also floated the Treasury’s plan to enter the euro bond market as it “could be also a potential source of financing for us.” — Karl Angelo N. Vidal