Japan : Japanese investors remain interested in RP s Samurai bonds.Byline: Mamta03 Government-issued bonds to be sold in Japan are expected to be in demand after Japanese investors remain on the lookout for in search of; looking for. See also: Lookout opportunities. This was disclosed by Sumio Ishikawa, the Japan Bank for International Cooperation The Japan Bank for International Cooperation (国際協力銀行 s chief representative to the Philippines. Since the second-largest economy remains in bad shape," Japanese investors are in search for opportunities to earn," Ishikawa told reporters. Investors are interested in Samurai bonds Samurai Bond A yen-denominated bond issued in Tokyo by a non-Japanese company. Notes: Samurai bonds provide issuers with the ability to access investment capital available in Japan. to be issued by the Philippines," he added, referring to the Philippines planned Samurai bond offering. Proceeds from the sale of Samurai bonds yen-denominated debt papers issued in Tokyo by a non-Japanese entity will be used by the government to, among others, narrow the deficit. Earlier, Finance Secretary Margarito B. Teves said that the planned issuance may be postponed if Manila Manila (mənĭl`ə), city (1990 pop. 1,601,234), capital of the Philippines, SW Luzon, on Manila Bay. Manila is the center of the country's largest metropolitan area, its chief port, and the focus of all governmental, commercial, industrial, and the JBIC JBIC Japan Bank for International Cooperation JBIC Japan Biological Informatics Consortium which will guarantee the offering fail to agree on the guarantee fees. In 2001, the Philippines tapped the Japanese capital market by selling Shibosai bonds also a form of Samurai bonds worth [yen]50 billion. JBIC agreed to guarantee 95 percent of the current value of principal and interest payments. Finance Secretary Margarito Teves earlier said the Philippines may postpone post·pone tr.v. post·poned, post·pon·ing, post·pones 1. To delay until a future time; put off. See Synonyms at defer1. 2. To place after in importance; subordinate. the issuance of Samurai bonds to early 2010 if the government and JBIC fail to agree on the price of the guarantee fees. The Philippines is already expected to breach its spending limits for the year after it allowed companies to enjoy tax cuts and failed to meet tax collection goals. The Philippines expects to spend P250 billion more than what it earns this year. But that limit may be reached even before the year ends. From January to September, the budget deficit has already grown to P237.5 billion, 345 percent than the shortfall Shortfall The amount by which the capital required to fulfill a financial obligation exceeds available capital. Notes: Shortfall risk is often combated with an efficient hedging strategy created by a fund, group, institution, or individual. reported last year. Copyright : Euclid Infotech Pvt. Ltd. Provided by Syndigate.info an Albawaba.com company |
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