Philippines Starts Marketing Dual-Tranche Dollar Bond Offering



The Philippine government started marketing dollar-denominated bonds as it seeks to raise funds to counter the economic impact of the coronavirus.
The dual-tranche offering of 10.5-year and 25-year bonds comes as the Southeast Asian nation faces a record budget deficit this year. It would be the countrys second foray into the international markets this year after it raised $2.35 billion in April as the pandemic spread across the world.
The Philippines expects its budget deficit to climb to as much as 1.8 trillion pesos ($37.5 billion) this year, or 9.6% of gross domestic product, as it boosts spending to help an economic recovery. Its turning to the dollar bond markets even after a plan to sell yen-denominated debt market this year was scrapped.
Latest News
-
Gold Price Futures (GC) Technical Analysis – Longer-Term Support Zone at $1780.50 – $1705.20 Next Target Area
WikiFX | Industry 2021/1/15 13:50:12
-
Crude Oil Weekly Price Forecast – Crude Oil Shows Signs of Exhaustion
WikiFX | Industry 2021/1/15 10:52:11
-
EUR/USD Mid-Session Technical Analysis for January 15, 2021
WikiFX | Industry 2021/1/15 6:37:55
-
Natural Gas Price Prediction – Prices Rise on Colder Weather Forecast
WikiFX | Industry 2021/1/15 12:18:52
-
USD/JPY Weekly Price Forecast – US Dollar Struggling at 104 JPY
WikiFX | Industry 2021/1/15 8:38:51
-
USD/CAD Daily Forecast – U.S. Dollar Rebounds Ahead Of The Weekend
WikiFX | Industry 2021/1/15 9:23:14
-
Silver Price Daily Forecast – Silver Is Losing Ground Ahead Of The Weekend
WikiFX | Industry 2021/1/15 7:11:20
-
Bidens Stimulus Plan Fails To Push Stocks Higher
WikiFX | Industry 2021/1/15 5:41:28
-
Natural Gas Price Fundamental Daily Forecast – Weather Outlook as Well as Reaction to $2.698 Sets the Tone
WikiFX | Industry 2021/1/15 5:34:57
-
Silver Price Forecast – Silver Markets Plunge to End Week
WikiFX | Industry 2021/1/15 9:15:59
Malaysian Ringgit
- United Arab Emirates Dirham
- Australia Dollar
- Canadian Dollar
- Swiss Franc
- Chinese Yuan
- Danish Krone
- Euro
- British Pound
- Hong Kong Dollar
- Hungarian Forint
- Japanese Yen
- South Korean Won
- Mexican Peso
- Malaysian Ringgit
- Norwegian Krone
- New Zealand Dollar
- Polish Zloty
- Russian Ruble
- Saudi Arabian Riyal
- Swedish Krona
- Singapore Dollar
- Thai Baht
- Turkish Lira
- United States Dollar
- South African Rand

United States Dollar
- United Arab Emirates Dirham
- Australia Dollar
- Canadian Dollar
- Swiss Franc
- Chinese Yuan
- Danish Krone
- Euro
- British Pound
- Hong Kong Dollar
- Hungarian Forint
- Japanese Yen
- South Korean Won
- Mexican Peso
- Malaysian Ringgit
- Norwegian Krone
- New Zealand Dollar
- Polish Zloty
- Russian Ruble
- Saudi Arabian Riyal
- Swedish Krona
- Singapore Dollar
- Thai Baht
- Turkish Lira
- United States Dollar
- South African Rand
- Amount
- Malaysian Ringgit
- Available
- -- United States Dollar