Hanoi (VNA) – The Philippines has raised 1.5 billion USD from the sale of 10-year bonds in recent days to help fund its 2019 spending plan.

The event was the first such issuance from an emerging market this year, with investors across Asia, the US and Europe taking part.

The Philippines is one of Asia’s most active sovereign bond issuers. It is raising funds to support the budget as the administration of President Rodrigo Duterte plans to increase infrastructure spending.-VNA