ICYMI : The Marcos administration is debuting in the foreign debt market through an offering of at least $500 million in 5-year, 10.5-year and 25-year US dollar bonds. | via Ron W. Domingo, Philippine Daily Inquirer
The Marcos administration is debuting in the foreign debt market through an offering of at least $500 million in 5-year, 10.5-year and 25-year US dollar bonds.
The offering is of senior unsecured, fixed rate bond registered with the United States Securities and Exchange Commission. Respectively, thethree bonds will mature in October 2027, April 2033 and October 2047.Additionally, funds from the 25-year bonds are also meant to finance or refinance assets based on the national government’s sustainable finance framework.
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