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Currency Foreign Managed Trading News
CORRECT: China: Managed FX Reserve Currency, Asset Structure (The Forex Market)
The forex regulator said it "reasonably" managed the currency and asset structure of the forex reserves in 2008. ("China Regulator: To Step Up FX-Reserve Risk Management In '09," published at 1135 GMT, misstated the object of the regulator's management.)
Read more...RP dollar bond sale to cover foreign debt needs (GMA News)
The Philippines yesterday moved to corner yield-seeking investors, launching a dollar-denominated bond offer that could raise some $1.5 billion and cover its entire foreign borrowing needs for the year.
Read more...Govt completes foreign borrowing (The Manila Times)
The government has completed its external funding requirement for this year after launching its global bond offering on Wednesday. In a statement, Finance Secretary Margarito Teves announced on Thursday that the government has raised $1.5 billion through a global bond offering.
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