Philippines to raise $1b via global bonds

Borrowing from both domestic and foreign

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sources was expected to reach a total 888 billion pesos ($17.45 billion) next year, documents from the Bureau of Treasury showed, an increase of 22 percent from this year.

Manila raised $500 million from a new 25-year US dollar bond offering in January, which was the tightest-priced long-dated global bond issued by the Philippines – one of Asia’s most active sovereign bond issuers.

http://www.khmertimeskh.com/5082626/philippines-raise-1b-via-global-bonds/