Philippines raises 2.5 billion USD through global bond issuance
Hanoi, June 19 -- The Philippines has successfully raised 2.5 billion USD through a three-tranche US dollar-denominated global bond offering amid strong demand from international investors. It marks the country's second fundraising exercise in the international debt market this year. According to the Philippine Bureau of the Treasury (BTr), the issuance comprised 550 million USD in 5.5-year bonds, 1.65 billion USD in 10-year bonds, and an additional 300 million USD in bonds maturing in 2051. The offering attracted strong interest from global investors, with subscriptions reaching 4.4 times the initial target amount. As a result, the Philippine Government increased the size of the issuance from 2 billion USD to 2.5 billion USD. Finance Secre...
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