Government to borrow anew from foreign marketIn a notice of issuance, the Philippines targets to raise at least $500 million from foreign sources by offering global bonds with tenors of 5.5 and 10.5 years, as well as a 25-year sustainability bond. In a notice of issuance, the Philippines targets to raise at least $500 million from foreign sources by offering global bonds with tenors of 5.5 and 10.5 years, as well as a 25-year sustainability bond. This marks the second global bond issuance of the Marcos administration since it assumed office. Global bond issuances are a way to diversify the country’s funding sources and constantly provide liquidity of Philippine global bonds in the international market. Global bond yields are slowly declining as the red-hot inflation in the US cools down because of declining oil prices and lower risks of recession.

Source: Philippine Star January 09, 2023 22:21 UTC