Loan Digest

Global bond sale boosts state borrowings in May

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The government accumulated P259 billion in borrowings in May due to the issuance of global bonds in its first foray in the international debt market this year.

MANILA, Philippines —

Apart from the bulk borrowings due to the global bonds, there was also P12.37 billion in various project loans. For the five-month period, borrowings jumped by 16 percent to P1.42 trillion from the P1.22 trillion sourced in January to May 2023. Positive cues provided by the Bangko Sentral ng Pilipinas in its latest policy meeting could fuel a sustained market...

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Govt gross borrowings soar to P259.3BTHE national government's gross borrowings ballooned to nearly P260 billion in May as both foreign and domestic debt surged, latest Bureau of the Treasury data showed.
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