BSP Issues Reminder About Submission of 2021 Foreign Borrowings Plan

In line with the Bangko Sentral ng Pilipinas (BSP) mandate on external debt management and pursuant to Section 22.7 of the Manual of Regulations on Foreign Exchange Transactions, as amended, all public and private resident entities intending to: (a) obtain medium- and long-term foreign loans from non residents, including offshore issuances of debt instruments; and (b) issue onshore debt instruments that require settlement in foreign currency, are required to submit their foreign borrowings plan for 2021 not later than 30 September 2020, to the BSP, through the International Operations Department as follows: (a) for public sector loans/borrowings: AMMagsino@bsp.gov.ph and CGalit@bsp.gov.ph; or (b) for private sector loans/borrowings: rosetan@bsp.gov.ph and AngEA@bsp.gov.ph.

The standard reporting form [Annex D.3 (Medium and Long-term Foreign Borrowings Plan) of the Manual of Regulations on Foreign Exchange Transactions, as amended] may be downloaded from the BSP website at http://www.bsp.gov.ph/downloads/Regulations/MORFX/Annex%20D.3%20(Cir984_2017).docx.

All reported data are covered by strict confidentiality rules and shall be used for the BSP’s internal purposes only pursuant to Section 23 of R.A. No. 7653. The BSP, therefore, enjoins the cooperation of all concerned.

 

Source: Bangko Sentral ng Pilipinas (BSP)