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Infrastructure bonds of the Philippines
« on: June 01, 2010, 03:47:39 PM »
By LEE C. CHIPONGIAN

With barely a month before the new government takes office, the proposed 10-year P50-billion Infrastructure bonds to be offered by the state-owned National Development Co. (NDC) will have to be left in the hands of the next administration, said Social Security System (SSS) President and CEO, Romulo L. Neri.

“There will be new terms and negotiations,” Neri said. SSS has earlier committed to take one-fourth of the bond float or P12.5 billion.

“It will be up to the new administration to set new talks,” he added. “They will have to go back to the drawing board.” - manila bulletin

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