Philippine gov’t raises $2B in its first global debt sale this year

MANILA — The Philippine government raised $2 billion in fresh borrowings through Wednesday’s sale of dual-tranche US dollar bonds, the Marcos administration’s first offshore fundraising activity this year. The Philippines raised $1 billion each from the 10-year debt securities and 25-year sustainability notes, according to the final term sheets released by Bank of America, one of the bookrunners that the government commissioned for the issuance. The bonds due in 2034 fetched a coupon rate of 5.25 percent, while the notes maturing in 2049 were priced at a higher yield of 5.60 percent. READ: PH returns to global debt market Finance […]…

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