PH launches $ bonds

  • Page Views 495
  • The Philippines launched its first dollar-denominated bond offering for the year, with proceeds from the double-tranche issuance to be used for general purposes.
    The benchmark-sized offer has tenors of 10.5 years and 25 years, or with maturity dates of January 6, 2032, and July 6, 2046, respectively.
    Rosalia de Leon, national treasurer, said proceeds of the offer will be for general budget support.
    The settlement date is on July 6, 2021.
    The Philippine government has successfully returned to the international capital markets earlier this year as it raised P121.97 billion from euro bonds and P24.19 billion from its samurai bonds issuances, both in April.
    In December last year, the Philippines raised $2.75 billion, or around P132.17 billion, from its global bonds offering.
    The dollar-denominated bonds had a coupon rate of 1.648 for the 10.5-year paper, while the 25-year tranche was priced at 2.65 percent.
    Meanwhile, the Bureau of the Treasury (BTr) fully awarded bids for the treasury bills auctioned yesterday.
    Total tenders amounted to P53.6 billion, nearly four times the P15 billion offering.
    “Full award for all tenors for treasury bills as rates declined and strong volume tendered,” de Leon said.
    The 91-day, 182-day and 364-day treasury bills fetched average rates of 1.031 percent, 1.332 percent and 1.562 percent, respectively, all lower than previous auction and secondary market rates.
    The BTr awarded P5 billion for each tenor as programmed. (A. Celis, Malaya)

    Share

    New Posts Recently publish post More

    • 23 June 2022
      5 days ago No comment

      RP BLU GIRLS COMPETE IN THE 2022 CANADA CUP

      THE CANADA CUP IS BACK FROM HIATUS Finally, the Canada Cup will be live again from June 16-27, 2022 in Softball City, Surrey BC. There will be the usual national teams like Team Canada, Team USA, Team Mexico and Team Australia plus the elite local and international softball clubs. ...

    • 16 June 2022
      2 weeks ago No comment

      Mabuhay House Society celebrates 124th Independence Day

      Newly formed organization Mabuhay House Society (MHS) celebrated the 124th Philippine Independence Day with a parade and program at the Helena Gutteridge Plaza in the Vancouver City Hall. MLA Mable Elmore spearheaded the celebrations, and community members and politicians celebrated with the Filipino community. Entitled “Bayanihan: Building Our Future” ...

    • 09 June 2022
      3 weeks ago No comment

      Ramon Bandong runs for city council with Surrey Forward

      Finance professional and Filipino community member Ramon Bandong wants to become city councillor of Surrey. Bandong is running for a seat in Surrey city council in the 2022 fall election under the Surrey Forward party. Surrey Forward launched its campaign June 8, with B.C. NDP MLA Jinny Sims as ...

    %d bloggers like this: