The Philippines tapped the international debt market and raised $2 billion from its latest offering, according to the Bureau of the Treasury (BTr).
THE Philippines tapped the international debt market and raised $2 billion from its latest offering, according to the Bureau of the Treasury .
“The success of this transaction is an indication of the Philippines’s readiness to brave choppy waters in pursuit of excellent results,” National Treasurer Rosalia de Leon said in a statement. “We are pleased to see that the Republic’s USD bond offering has once again received overwhelming interest across all tranches. The repeated successes of all international bond issuances by the Republic reflects the strong following from the global investor community for the Philippines and is a testament to the Republic’s robust credit profile and sound government finances,” Finance Undersecretary Mark Dennis Joven said.
The PEBs already received strong interest and attendance from global investors and other international delegates.
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