first-ever global peso bonds

[leonleon]

Simula ng pagbabago?

http://www.philstar.com/Article.aspx...CategoryId=200

RP issues first-ever global peso bonds
(philstar.com) Updated September 10, 2010 01:55 PM -

MANILA, Philippines – The Philippine government has issued the first-ever global peso bonds, which a senior official described as a “breakthrough accomplishment of the Aquino administration.”

Secretary Cesar Purisima broke the news in a text message to philstar.com, saying the country has issued $1 billion worth of peso bonds.

The demand, Pursima said, was for $13.3 billion.

“As they say, the demand is 13 times oversubscribed,” he said.

“In addition, we priced the $1 billion (P109 billion) debut global peso bond, due January 2012, at 5 percent yield, which is 23 percent lower than expected,” Purisima added.

According to Purisima, this is a landslide vote of confidence by the global in the Aquino administration’s economic agenda and in the Philippines’ macroeconomic fundamentals.

[safeorigin]

oh man... derivatives. we're doomed!

[tidus1203]

We have been issuing bonds for a long long time... They are not derivatives, derivatives are assets that get their value from the value of another asset. Kaya nga derivatives...

Examples are OPTIONS. They are derivatives of equities. Credit Default Swaps are derivatives of loans etc etc

[marg]

Ayy Diyos Mio, UTANG na naman.

P4,580,000,000,000.00 na nga utang natin, dadagdagan pa.

One day, it will all come back to us. Tsk Tsk

[tidus1203]

Ayy Diyos Mio, UTANG na naman.

P4,580,000,000,000.00 na nga utang natin, dadagdagan pa.

One day, it will all come back to us. Tsk Tsk

There is not enough taxes to cover all the expenses. We need to deficit spend! Manag mana tayo kay Uncle Sam, we idolize him so much even the way we handle our money!

[safeorigin]

[safeorigin]

We have been issuing bonds for a long long time... They are not derivatives, derivatives are assets that get their value from the value of another asset. Kaya nga derivatives...

Examples are OPTIONS. They are derivatives of equities. Credit Default Swaps are derivatives of loans etc etc

was thinking a few steps ahead actually