PHL taps global debt market with dollar, euro bonds

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The story "PHL taps global debt market with dollar, euro bonds" was covered 13 hours ago by Business Mirror, a news publisher based in Philippines.

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PHL taps global debt market with dollar, euro bonds - Business Mirror

Quick Summary:

THE Philippine government is tapping the global debt market for the first time this year, offering benchmark-sized dollar and euro bonds to raise fresh funds ahead of "potential uncertainties” in the near future.

This year, the government will borrow $3.5 billion through foreign bond sales, mostly composed of US dollars while the remaining will be in euros.

We look forward to the continued support of our valued investors,” Almanza said.“We have constantly communicated our strategies to achieve robust socioeconomic development for the Republic, and hence, we are confident that our investors will remain receptive to the Philippine story,” Finance Secretary Ralph G.Recto said.