A notice of issuance stated that the Philippines plans to raise at least $500 million from foreign sources by offering global bonds with tenors of 5.5 and 10.5 years as well as a 25-year sustainability bond.
This marks the third global bond issuance of the Marcos administration since it assumed office. This is also the second for the year or since raising $2 billion last May.
Proceeds of both the 5.5 and 10.5-year bonds will be used for general budget financing while the green bond is set to refinance assets in line with the country's sustainable finance framework.
Global bond issuances are a way to diversify the country's funding sources and constantly provide liquidity of Philippine global bonds in the international market.
Diese Geschichte stammt aus der August 29, 2024-Ausgabe von The Philippine Star.
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