A man carries a sack of rice over his head in Manila on November 19, 2024. (Photo by JAM STA ROSA / AFP)
Manila: Top Philippine firms are looking to manage their debt payments by using the new peso interest-rate swap facility, a move that may bolster the nation’s push to deepen its capital market.
But the companies said they would like to first see the market gain traction, with sizeable volumes and a well-established yield curve, and produce pricing benchmarks that reflect market conditions.
