Philippines sells $7.2 bln of peso retail treasury bonds
by Reuters
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MANILA, Nov 29 (Reuters) – The Philippines said on Monday it had sold 360 billion pesos ($7.2 billion) of new retail treasury bonds, which include 330.5 billion pesos in fresh cash intended for budgetary support.
The total proceeds from the sale of 5-1/2-year bonds also include 29.5 billion pesos representing the portion for a bond exchange for notes due in 2022, the Bureau of the Treasury said in a statement.
($1 = 50.37 Philippine pesos)
(Reporting by Enrico Dela Cruz; Editing by Martin Petty)
This article originally appeared on reuters.com