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1 MIN READ
Philippines set to launch three-tranche dollar bond deal -document
March 21, 2022
By Reuters
By Reuters
MANILA, March 21 (Reuters) – The Philippine government is looking to raise funds via a benchmark-sized U.S. dollar-denominated bond issue with tenures of five, 10.5 and 25 years, according to a government document seen by reporters on Monday.
The borrower has opened orders for a five-year bond at the 125 basis points over Treasuries area, a 10.5-year note at the 165 bps over area and a 25-year bond at the 4.7% area, the document showed.
(Reporting by Enrico Dela Cruz and Karen Lema
Editing by Ed Davies)
This article originally appeared on reuters.com