- The government is reconsidering the planned five-year jumbo bond sale because currency weakness and higher rates have made borrowing more expensive.
- National Treasurer Sharon Almanza said the borrowing strategy is being reassessed after conditions deteriorated, including the Middle East situation.
- A decision on the September bond sale is expected soon.
Quotes
“We are reassessing the plan to ensure that our borrowing strategy remains responsive to evolving market conditions”
“soon.”