Philippines returns to global debt marketIn a statement, the Bureau of the Treasury announced the offering of dollar-denominated fixed rate securities consisting of 5.5-year, 10-year and 25-year tranches. MANILA, Philippines — The Philippines returned to the international capital markets yesterday with the launch of a triple-tranche dollar global bond offering, backed by fresh investment-grade ratings from major credit watchers that signaled sustained confidence in the country’s credit profile. The global bonds are expected to carry investment-grade ratings of Baa2 from Moody’s Ratings, BBB+ from S&P Global Ratings and BBB from Fitch Ratings. S&P Global Ratings said it assigned its “BBB+” long-term foreign currency issue rating to the benchmark-size dollar-denominated senior unsecured bonds that the Philippines proposes to issue. Moody’s Ratings, meanwhile, assigned senior unsecured ratings of Baa2 to the government’s global bond offerings to be drawn from its existing shelf program, including tranches maturing in 2031, 2036 and 2051.

Source: Philippine Star January 20, 2026 16:33 UTC