Economy 1 MIN READ

Philippines raises USD 7.4 billion via retail treasury bond issue

September 5, 2022By Reuters

The Philippines has raised 420.45 billion pesos (USD 7.39 billion) from a retail treasury bond offering that ended on Sept. 2, National Treasurer Rosalia de Leon said on Monday.

The peso-denominated retail bonds due in 2028, which pay a coupon of 5.75%, were the first such issue under the administration of President Ferdinand Marcos Jr. It included a swap offer for holders of existing notes maturing this year and in 2023.

(Reporting by Enrico Dela Cruz; Editing by Martin Petty)

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