Finance Secretary Carlos Dominguez III will lead a Philippine delegation to Tokyo this week to pitch the planned Samurai bond issuance and present to investors the country’s big-ticket infrastructure projects for possible Japanese financing.
Scheduled on June 18 to 21, the Tokyo visit will include a Philippine economic briefing, the second to be held in Tokyo since last year, and the fifth regular meeting of the Philippines-Japan High-Level Committee on Infrastructure and Economic Cooperation.
The briefing, which will lay out the Duterte administration’s plan to sustain the Philippines’ status as one of the fastest-expanding economies in Asia and its programs for inclusive growth, will also set the groundwork” for the deal roadshow that the government will roll out for its planned yen-denominated Samurai bonds issue.
Executive Secretary Salvador Medialdea, Secretaries Ernesto Pernia of the National Economic and Development Authority, Benjamin Diokno of the Department of Budget and Management, Arthur Tugade of the Department of Transportation, and Mark Villar of the Department of Public Works and Highways Bangko Sentral ng Pilipinas Governor Nestor Espenilla Jr. and Vivencio Dizon, president and CEO of the Bases Conversion and Development Authority, are expected to join Dominguez at the economic briefing scheduled on June 19.
While in Tokyo, Dominguez is also set to meet with officials from the Mitsubishi UFJ Financial Group, Nomura, Mizuho, Daiwa and Sumitomo Mitsui Banking Corp. to discuss the Philippines’ plan to float Samurai bonds by the third or fourth quarter of 2018.
Dominguez will hold a separate meeting with officials of the Japan Bank for International Cooperation to discuss possible areas of cooperation between the Philippines and the financial institution.