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.
This story is from the August 30, 2024 edition of The Philippine Star.
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This story is from the August 30, 2024 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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