The 10- and 15-year fixed rate bonds, both new issuances, followed last December's $1-billion 5.5-year sukuk offering and a triple-tranche bond sale at the start of 2023 that raised $3 billion.'The enthusiastic response we saw from the global investor community for this offering underscores the strength of the Philippine economy and the strong vote of confidence international investors have in President Ferdinand R. Marcos, Jr.
This was in line with the country's investment-grade rating, also with a stable outlook, that was last affirmed in November last year.S&P Global and Moody's, meanwhile, respectively assigned ''BBB+' and 'Baa2' ratings, both also in line with the Philippines' investment-grade status.Settlement for the dual-tranche offering has been set for May 14, 2024, and the bonds will mature on May 14, 2034 and May 14, 2049.