PH foreign debt falls to $72.36B in Q3 – BSP

The country’s foreign debt stock fell to $72.36 billion in the third quarter of 2017, the Bangko Sentral ng Pilipinas (BSP) said on Friday, down $5.6 billion from a year earlier.

Compared to the previous quarter, outstanding external debt was $125 million less, largely due to $805 million in net repayments — mostly by the private sector — and a $91-million increase in residents’ investments in Philippine debt papers issued offshore, which decreased external debt, vis-à-vis a $793 -million increase from adjustments on prior period transactions.