Philippines plans $3.5 billion in global bond sales

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MANILA — The Philippines plans to sell US$3.5 billion in overseas debt this year, lower than last year, as heightened global uncertainties may prompt the government to borrow more domestically as rate cuts continue, according to its finance chief.

"There's a lot of domestic savings in the Philippines so there's a lot of liquidity," Recto said.

The finance chief said ample remittances from overseas workers and other dollar sources ease the pressure to raise foreign funding.

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Category: EconomyBusiness

Markets: ThailandPhilippinesSwitzerland

Topics: Finance Billion Plans Last Global Debt Chief Year Recto Philippines Dollar

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-20 @ 20:26:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 454 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 25286099

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