Philippines Raises Record $10 Billion From Retail Treasury Bonds [Yahoo! Finance]
BANK OF PHILI IS UNS/ADR (BPHLY)
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Source: Yahoo! Finance
Most Read from Bloomberg BYD Unveils $233,450 EV Supercar to Rival Ferrari, Lamborghini Zelenskiy Says 31,000 Troops Killed as Ukraine Seeks US Aid Decision Within Month Norwegian Cruise Ship Halted at Mauritius Due to Outbreak Buffett Says ‘Eye-Popping' Results Unlikely With Record Cash Trump Advances 2024 Bid Besting Haley in Her Home State Of the total, 212.7 billion pesos were sold during a rate-setting auction earlier this month. During the public offer that ended on Friday, 128.7 billion pesos were raised in fresh funds and 243.5 billion pesos were subscriptions to the new bonds in exchange for notes maturing in March, the Bureau of the Treasury said in a statement on Monday. The debt due February 2029 carries a coupon of 6.25%. The amount topped the previous record of 516.3 billion pesos from the sale of retail treasury bonds in 2020 for economic and social support during the Covid-19 pandemic. The Philippines has looked to retail bonds, typically offered in sm
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