MANILA— The Philippine government has launched a three-tranche, benchmark-sized bond issue denominated in U.S. dollars, National Treasurer Rosalia de Leon said on Wednesday.
The bond offer consists of five-year and 10.5-year issues and also includes a a25-year green or sustainability bond.
BofA Securities, Goldman Sachs, HSBC (B&D), J.P. Morgan, Morgan Stanley, SMBC Nikko, Standard Chartered Bank and UBS are the bookrunners, a term sheet showed.
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
