Philippines raises $2 billion via triple-tranche dollar bond deal —treasurer
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MANILA— 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.
It sold $500 million worth of five-year bonds, priced at 5.17%, or five-year U.S. Treasury plus 120 basis points (bps).
The 10.5-year bond offer raised $750 million, with a yield of 5.609%, or 10-year U.S. Treasury plus 185 bps.
Another $750 million was raised via the 25-year green or sustainability bonds, priced at 6.1%.
Proceeds of the 5-year and 10.5-year bond sales will be used for budget financing.
—Reporting by Enrico Dela Cruz; Editing by Kanupriya Kapoor
RELATED: Philippines launches three-tranche dollar bond issue
Philippines raises $2 billion via triple-tranche dollar bond deal —treasurer
Source: Political Elections PH
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