Philippines raises $8.9 bln via retail treasury bonds

MANILA, March 1 (Reuters) – The Philippines’ Bureau of the Treasury said on Tuesday it has raised 457.50 billion pesos ($8.92 billion) through the sale of five-year retail bonds.

The public offering, which ran for two weeks until Feb. 28, was part of this year’s government borrowing plan seeking to raise as much as 2.2 trillion pesos, around 75% of which will be sourced from the domestic market. nL1N2UQ0AN

($1 = 51.27 Philippine pesos)

(Reporting by Enrico Dela Cruz; Editing by Kanupriya Kapoor)

((enrico.delacruz@tr.com))