The government raised $2 billion or about P115 billion from this year’s first foray into offshore commercial borrowing through the issuance of dual-tranche dollar and sustainability bonds.MANILA, Philippines —
“It also reflects increased confidence of global investors on the government’s credit fundamentals and also to effectively lengthen its foreign debt maturities and better manage forex risks,” Ricafort said. On the other hand, the proceeds from the 25-year green bonds will also be applied to general purposes and to finance or refinance assets under the country’s sustainable finance framework.
The rate of increase in the average prices of consumer goods and services typically purchased by Filipinos rose slightly to...Asian markets built on the latest global rally Tuesday as optimism that the US Federal Reserve will cut interest rates this...