Dollar bond sale raises $2B for govt

May 09, 2024 12:32 am

THE Philippines made a successful return to the global debt market on Tuesday, raising $2 billion from a two-part dollar bond sale that the government said was enthusiastically received by investors.

The 10- and 15-year fixed rate bonds, both new issuances, followed last December's $1-billion 5.5-year sukuk offering and a triple-tranche bond sale at the start of 2023 that raised $3 billion.

Finance Secretary Ralph Recto. Photo from Department of Finance

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