BIZ BUZZ: Timing matters

Despite bouts of volatility tied to the Middle East conflict, the door remains open for the Philippine government and local companies looking to raise funds through international bond markets, according to Paul Favila, CEO of Citi in the Philippines.

“The answer is a simple yes,” Favila said when asked whether issuers could still tap the global bond market this year despite uncertain market conditions.

Favila, however, said access to capital does not mean issuers should rush to borrow. The decision, he said, should depend on whether tapping overseas markets fits a borrower’s broader funding strategy.

“Is capital available? Absolutely,” Favila said. “Of course, it comes at a particular price, which is determined pretty much by what’s happening to the rest of the world.”

He added that timing remains crucial as global developments continue to influence borrowing costs.

“It’s a question of aligning our clients’ priorities with the opportunity out there,” Favila said.

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For the Philippines and local corporates, Citi’s message is clear: Global investors remain within reach, but borrowers will need to be strategic as they navigate changing market conditions.

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