The Philippines successfully returned to the international capital markets for the second time this year, raising $2.5 billion from a global bond transaction.
The 5.5-year tranche was priced with a yield of 4.375 percent, the 10.5-year tranche at 4.750 percent, and the 25-year Sustainability tranche at 5.175 percent.
“We are very pleased to see the overwhelming investor interest in our new $2.5 billion triple-tranche global bonds. In fact, compared to our regional peers, the Philippines’ issuance achieved among the best pricing for all of our tranches this year,” Finance Secretary Ralph Recto said.
Proceeds from the sale of the 5.5-year and 10.5-year global bonds will be used for general budget financing.
Meanwhile, the funds raised from the sale of the 25-year global bond are intended for general budget financing as well as refinancing programs and expenditures aligned with the Republic’s Sustainable Finance Framework.
