The Philippines has further strengthened its financial position in the international market with a successful multi-tranche US dollar-denominated bond issuance.
This marks the country’s second foray into the global bond market this year, underscoring its continued confidence and investor appeal.
The offering, comprising bonds maturing in 2030, 2035, and 2049, is considered a benchmark size issuance.
The proceeds will be allocated to support general budgetary needs and to fund projects aligned with the Philippines’ Sustainable Finance Framework.
Earlier this year, the government successfully raised $2 billion through 10- and 25-year global bonds.
In a separate development, the Bureau of the Treasury (BTr) fully allocated its re-issued 20-year Treasury bonds in Wednesday’s auction.
The bonds, with a remaining term of 19 years and nine months, achieved an average yield of 6.198 percent.
The auction attracted tenders totaling P45.1 billion, 1.8 times the amount offered, allowing the BTr to meet its P25 billion target.
This brings the total outstanding volume for the series to P102.7 billion.
