PH considering samurai, dollar bonds

Samurai Bonds Berita

PH considering samurai, dollar bonds
Dollar BondsPhilippine EconomyBorrowing Activities
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The Philippines is considering rolling out samurai bonds and a return to the dollar bond market later this year as it seeks to raise $3 billion more for its 2024 borrowing program, Finance Secretary Ralph Recto said Monday.According to Recto, the government plans to borrow $5 billion this year, of which it has already raised $2 billion, leaving a balance of $3 billion which will be raised in the latter part of the year.

”Latest data available from the Bureau of the Treasury showed that the Philippine sovereign debt stock stood at P15.347 trillion as of end-May, reflecting a 2.2% increase or P330.39 billion higher than the P15.017 trillion as of end-April.The BTr attributed the increase to the impact of local currency depreciation on the valuation of foreign-currency denominated debt, with the peso hitting P58.524:$1 as of end-May.The latest debt stock was composed of 68.04% domestic debt with P10.

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Dollar Bonds Philippine Economy Borrowing Activities

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