PH launches $ bonds

  • Page Views 439
  • 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)


    New Posts Recently publish post More

    • Heart Chiz
      20 January 2022
      3 days ago No comment

      Heart Evangelista’s OOTD moment interrupted by ‘sermon’ from Chiz Escudero

      Heart Evangelista amused fans after her husband, Sorsogon governor Francis “Chiz” Escudero, crashed her outfit of the day (OOTD) video by giving her a “sermon.” Evangelista started her video by describing her outfit that featured black pants, a white sleeveless top and high-cut sneakers, as seen on her Instagram ...

    • 13 January 2022
      1 week ago No comment

      COVID in Philippines: gov’t limits flu meds purchases

      The Philippine government on January 12 announced limits on the purchases of fever and flu medications. The Department of Trade and Industry and Department of Health made the move amid increased demand for these over-the-counter medicines in the wake of rising COVID-19 cases in the country. The two departments ...

    • 06 January 2022
      2 weeks ago No comment

      Kris Aquino and fiancé Mel Senen Sarmiento break up

      ‘I do love you, but I guess this is goodbye,’ Mel Senen Sarmiento tells Kris Aquino in a text message Confirming rumors, actress and TV host Kris Aquino disclosed in an Instagram post on Monday, January 3, that she had broken up with her fiancé, former politician Mel Senen ...

    %d bloggers like this: