THE GOVERNMENT has raised $2.5 billion from its sale of triple-tranche US dollar-denominated global bonds, its second foray into the international debt market this year.
“We are very pleased to see the overwhelming investor interest in our new $2.5-billion triple-tranche global bonds,” Finance Secretary Ralph G. Recto said in a statement. “In fact, compared with our regional peers, the Philippines’ issuance achieved among the best pricing in all of our tranches this year. This is a resounding vote of confidence in our country’s solid credit profile.”
The total amount raised was in line with Mr. Recto’s earlier target of $2 billion to $2.5 billion.
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