The Philippine government has raised $2 billion from a three-tranche U.S. dollar bond deal, National Treasurer Rosalia de Leon said on Thursday, the first offshore debt issue by the Marcos administration.
The Philippine government has raised $2 billion from a three-tranche U.S.
dollar bond deal, National Treasurer Rosalia de Leon said on Thursday,It sold $500 million worth of five-year bonds,The 10.5-year bond offer raised $750 million, with a yield of 5.609%, or 10-year U.S. Treasury plus 185 bps.Proceeds of the 5-year and 10.5-year bond sales will be used for budget financing.
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