Head Topics

PH raises $2B from first global bond offering in 2024

  • 📰 gmanews
  • ⏱ Reading Time:
  • 17 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 68%

Bonds News

Economy,Department Of Finance,Money

The Philippine government raised $2 billion from its return to the international capital markets earlier this week, its first global bond offering for the year, the Department of Finance (DOF) reported Wednesday.

The Philippine government raised $2 billion from its return to the international capital markets earlier this week, its first global bond offering for the year, the Department of Finance reported Wednesday.According to the DOF, the 10-year debt securities due 2034 were priced at US Treasuries plus 80 basis points, reflecting a tightening of 40 basis points from the initial price guidance.The 25-year sustainability bonds maturing in 2049 were priced at the 5.

Recto said proceeds of the issuance will be used for infrastructure projects, social services, the improvement of the country’s healthcare system, and quality education.Proceeds from the 25-year bonds will also be allocated for refinancing programs and expenditures in line with the country's Sustainable Finance Framework.

Source: News Formal (newsformal.com)

Economy Department Of Finance Money

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in PH

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Discover the future of refrigeration and electronics at Bangkok RHVAC 2024 & Bangkok E&E 2024Thailand is now ready to stage Bangkok RHVAC 2024 and Bangkok E&E 2024, the largest trade show in Southeast Asia for refrigerators, air-conditioners, electrical and electronic products under this year’s theme “ONE STOP SOLUTION for NET ZERO Future” in Bangkok this September.
Source: manilabulletin - 🏆 25. / 51 Read more »

Bangkok RHVAC 2024 and Bangkok E&E 2024: ONE STOP SOLUTION for NET ZERO FutureDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »

PH bets shine in first leg of Padel Pilipinas-organized Philippine Open 2024Filipino bets took center stage as Padel Pilipinas, the national sports association which recently received recognition from both Philippine Olympic Committee and Philippine Sports Commission, concluded the opening leg of the Philippine Open 2024 at Play Padel in Mandaluyong.
Source: gmanews - 🏆 11. / 68 Read more »

Philippine Olympic Committee Aims for 25 Qualifiers for 2024 Paris OlympicsThe president of the Philippine Olympic Committee, Abraham 'Bambol' Tolentino, hopes to see 25 Filipino athletes qualify for the 2024 Paris Olympics, surpassing the number of qualifiers in the 2020 Tokyo Games. As of now, there are already 13 athletes who have secured qualification.
Source: gmanews - 🏆 11. / 68 Read more »

Moonton, Silab unveil Philippine qualifier for MWI 2024Moonton Games has launched its Road to MWI 2024 with Silab and the Philippine Esports Organization (PESO). The competition will determine who will present the country in the coming Mobile Legends Bang Bang Women's Invitational that will take place in the Esports World Cup in Riyadh, Saudi Arabia in July.
Source: PhilstarNews - 🏆 1. / 94 Read more »

LIST: Forbes’ best Philippine banks in 2024All but one of the digital banks in the Philippines make it to the list of best banks in 2024
Source: rapplerdotcom - 🏆 4. / 86 Read more »