DBP comes back to capital markets with bond refinancing

The Development Bank of the Philippines (DBP) returned to the international debt capital market for the first time in a decade this month with the refinancing of its 10-year bonds, the Department of Finance (DoF) reported on Wednesday.

In a statement, the department said the bonds were priced at tighter spreads over the United States Treasuries than when these were first offered to global investors in 2011.