THE PHILIPPINES raised $3 billion from its first US dollar bond issuance for the year, the Bureau of the Treasury (BTr) said on Tuesday.
THE PHILIPPINES raised $3 billion from its first US dollar bond issuance for the year, the Bureau of the Treasury said on Tuesday.
The bond issuance’s order book peaked at $28.2 billion for all tranches, reflecting “strong interest across all tranches from a diverse pool of high-quality investors, showcasing investors’ con“Due to a strong order book, we were able to compress the price guidance while still upsizing the transaction from an initial target issue size of $2 billion,” the Department of Finance said in a statement.
National Treasurer Rosalia V. de Leon said the reception and tight pricing of the offering “reaffirms the distinction of Philippine credit as a favored proposition even in times of uncertainties.” The dollar bonds were rated “Baa2” by Moody’s Investors Service, “BBB+” by S&P Global Ratings, and “BBB” by Fitch Ratings.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Philippines borrows $3 billion in triple-tranche bond offeringThe Bureau of the Treasury says strong demand helped lower interest rates.
Baca lebih lajut »
A Dungeons & Dragons setting lets you play in pre-colonial Philippines - SCOUTThe Islands of Sina Una is a campaign setting that takes on the local premise, amping it up with the mythical characters fresh from our grandparents’ tales
Baca lebih lajut »
Philippines looking at Chinese investors for cooperation on nuclear energyThe Philippines is banking on Chinese investors to participate in the planned venture into nuclear energy, along with cooperation in other areas such as renewable energy, the Department of Energy (DOE) said Monday.
Baca lebih lajut »
Trough of LPA, Amihan to trigger rains over PhilippinesThe trough of the low-pressure area (LPA) and the northeast monsoon (Amihan) will continue to bring rains in several parts of the country on Monday.
Baca lebih lajut »
Philippines records 3,127 new COVID-19 cases from Jan. 2–8, 2023The country registered 3,127 new COVID-19 infections in the week after New Year&39;s Day, the Department of Health (DOH) said on Monday.
Baca lebih lajut »