Hanoi (VNA) – The Philippines has successfully raised 2.5 billion USD through a three-tranche US dollar-denominated global bond offering amid strong demand from international investors.
It marks the country’s second fundraising exercise in the international debt market this year.
According to the Philippine Bureau of the Treasury (BTr), the issuance comprised 550 million USD in 5.5-year bonds, 1.65 billion USD in 10-year bonds, and an additional 300 million USD in bonds maturing in 2051. The offering attracted strong interest from global investors, with subscriptions reaching 4.4 times the initial target amount. As a result, the Philippine Government increased the size of the issuance from 2 billion USD to 2.5 billion USD.
Finance Secretary Frederick Go said that the strong demand signifies strong confidence in the country’s economic resilience and foundational stability, even amid prevailing challenging market conditions and short-lived execution windows.
National Treasurer Sharon Almanza added that the issuance capitalised on “favourable market conditions” to re-enter the international capital markets./.
WB plans over 3 bln USD in financing for Philippines
The multilateral lender is also considering structural reform initiatives as well as projects that could help the Government respond to the economic fallout from the Middle East conflict, particularly among vulnerable sectors.
