The government raised $2 billion (P140.7 billion) in this year's second foray into offshore commercial borrowing through the issuance of the triple-tranche dollar and sustainability bonds.
The government also raised $500 million via its 5.5-year tranche with a 4.375 percent yield, while it borrowed $1.1 billion for its 10.5-year tenor with a coupon of 4.75 percent.
Its 25-year sustainability bond, on the other hand, fetched an average rate of 5.175 percent and raised another $900 million. This is the country's sixth sustainability bond offering.
The Marcos administration last issued dollar bonds in May, raising $2 billion amid elevated global interest rates.
At the time, coupon rates were higher at 5.25 percent for the 10-year tenor and 5.6 percent for the 25-year offer.
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ALI ind'l unit heating up cold storage business
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Financial resources grow 10% as of July
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FLI diversifies into condotels
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SMIC sees better H2 performance
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SM Hotels taps TUV Rheinland for food safety, hygiene policies
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Expanded regulatory power of GCG pushed
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Compliance woes stall Pag-IBIG home loan releases
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Phl bond market slows in Q2
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