Philippines raises $2 billion via triple-tranche dollar bond deal —treasurer

October 6, 2022 - 10:51 AM
U.S. One dollar banknotes are seen in front of displayed stock graph in this illustration taken, February 8, 2021. (Reuters/Dado Ruvic/Illustration/File Photo)

 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

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