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.