Data from the Bureau of the Treasury showed total borrowings in May reached P259.334 billion, soaring by 77 percent compared to the P146.78 billion in May 2023.
This came after the Philippines secured $2 billion (P115.25 billion) from the international debt market via a dual-tranche global bond issuance.
The government borrowed $1 billion for its 10-year tenor with a coupon of 5.25 percent.
Its 25-year sustainability bond, on the other hand, fetched an average rate of 5.6 percent and raised another $1 billion.
Esta historia es de la edición July 02, 2024 de The Philippine Star.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición July 02, 2024 de The Philippine Star.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
XIAN LIM FLEXES NEW GIRLFRIEND IRIS LEE AT 'KUMAN THONG' PREMIERE
In their first official public appearance together, director Xian Lim and producer-girlfriend Iris Lee held hands while gracing the red-carpet premiere of the horror film “Kuman Thong” on Monday night at SM Cinemas in North Edsa, Quezon City.
'Customs, maritime fees hiking logistics costs in Phl'
Customs and shipping charges make up the largest allocation in the logistics expenses of traders, increasing the cost of transporting local and imported products in the Philippines.
DA plans to cut pork imports by 60,000 MT
The Department of Agriculture (DA) aims to reduce the country’s pork imports by 60,000 metric tons (MT) this year by boosting local pig production through its P2.1 billion modified repopulation program.
QC, Enstack partner to help businesses go digital
Artificial intelligence-powered business management app Enstack has forged a partnership with the local government of Quezon City to support the digitization of enterprises in the city.
Power reserve market set to resume this month
The Energy Regulatory Commission (ERC) is looking to resume the commercial operations of the reserve market before the end of this month.
Women's champion knocked out in first round
Marketa Vondrousova became the first defending women’s Wimbledon champion to lose in the first round for 30 years on Tuesday as Novak Djokovic and Iga Swiatek cruised through.
Putin, Xi to meet in Central Asian summit
ASTANA (AP) – Russian President Vladimir Putin and Chinese President Xi Jinping will meet today as they travel to Kazakhstan for a session of an international group founded to counter Western alliances.
Kanlaon's seismic activity increasing
BACOLOD CITY – After spewing elevated levels of sulfur dioxide gas in the past few days, Kanlaon Volcano on Negros Island yesterday showed an increase in seismic activity, according to the Philippine Institute of Volcanology and Seismology.
Road rage suspect hunted
Authorities are hunting down a driver of a pickup truck who reportedly opened fire at a vehicle in what police said was another road rage case in Quezon City on Tuesday.
Duterte set bad example for POGOS - Hontiveros
With his open door policy on Philippine offshore gaming operators (POGO), former president Rodrigo Duterte set a bad example that bred illegal online gaming scams and other serious criminal activities in the country like human trafficking, Sen. Risa Hontiveros said yesterday.
