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T-bill rates move sideways as bids remain high

T-bill rates move sideways as bids remain high
philippinetimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from philippinetimes.com Daily Mail and Mail on Sunday newspapers.

T-bill rates move sideways as bids remain high

T-bill rates move sideways as bids remain high
philippinetimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from philippinetimes.com Daily Mail and Mail on Sunday newspapers.

Gov t raises fresh $3B from foreign borrowing – Manila Bulletin

Screen Shot 2021-06-29 at 9.59.33 AM The national governm Screen Shot 2021-06-29 at 9.59.33 AM ent has raised $3 billion, equivalent to P146 billion, from a dual tranche offering of 10.5-year and 25-year global bonds, the Bureau of the Treasury reported on Tuesday, June 29. “Proceeds of the issuance will be for the Republic’s [national government] general purposes, including budgetary support,” the Treasury said in a statement. The Philippines’ return to the international debt markets follows the $2.5 billion sale of a triple-tranche euro-denominated bonds in April, and the $500 million three-year Japanese yen-denominated “Samurai” bonds in March. President Duterte plans to borrow as much as $7 billion from commercial debt markets in 2021 to bridge the government’s budget deficit. The country has so far raised $6 billion from three offshore bond issuances.

Philippines says to launch benchmark-sized dollar bond issue

Philippines says to launch benchmark-sized dollar bond issue June 28, 2021 | 9:21 am BW FILE PHOTO MANILA – The Philippines is set to launch a benchmark-sized U.S. dollar bond offering on Monday, National Treasurer Rosalia De Leon said, without providing further details. The Philippines, one of Asia’s most-active sovereign bond issuers, plans to raise as much as $5.5 billion from commercial debt markets this year to plug a budget deficit that covers the government’s pandemic response measures, including vaccine purchases and flagship infrastructure projects. It has so far raised $500 million from a yen-denominated Samurai bond issue and sold $2.5 billion worth of euro-denominated notes.

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