PH global bond sale successful – Treasuryhome/Business/Top Business/PH global bond sale successful – TreasuryThe Philippines has made a successful return to the international capital markets, the Treasury bureau announced on Tuesday. raising $1.5 billion via a 10-year global bond offering. “The newly issued global bonds were priced at US Treasury spreads of T+110 bps (basis points) after an initial pricing guidance of T+130 bps,” it said in a statement. “This demonstrates strong conviction from the global investor community on the Republic’s economic fundamentals as well as the depth of the Republic’s investor outreach,” she added. Last year, the government successfully raised $2 billion via 10-year global bond issue, which received a tight spread of 37.8 basis points over US Treasuries.

Source: Manila Times January 08, 2019 17:37 UTC