The Philippines’ upgraded investment rating bodes well for a planned global bond offering, Treasury and Finance officials said. This augurs well for our next global bond offering even as the market has priced our bonds much tighter than our ratings,” National Treasurer Rosalia de Leon said. De Leon noted that the Treasury bureau was in the process of preparing the global bond offering and at the same time working to keep the borrowing mix at 80:20 in favor of domestic sources. Finance Secretary Carlos Dominguez 3rd earlier said that numerous international banking institutions, including European banks, were interested in the Philippines’ planned dollar-denominated global bond float, which is expected to raise $1 billion new money for the government. Ana also said that banks and potential investors were providing positive feedback on the planned bond issuance.

Source: Manila Times December 15, 2017 17:48 UTC