Philippines raises USD 2 billion via triple-tranche dollar bond deal

MANILA, Oct 6 (Reuters) – The Philippine government has raised USD 2 billion from a three-tranche US dollar bond deal, National Treasurer Rosalia de Leon said on Thursday, the first offshore debt issue by the Marcos administration.

It sold USD 500 million worth of five-year bonds, priced at 5.17%, or five-year US Treasury plus 120 basis points (bps).

The 10.5-year bond offer raised USD 750 million, with a yield of 5.609%, or 10-year US Treasury plus 185 bps.

Another USD 750 million was raised via the 25-year green or sustainability bonds, priced at 6.1%.

Proceeds of the 5-year and 10.5-year bond sales will be used for budget financing. 

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