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
-
AUD/USD Daily Forecast – Test Of Support At 0.7675
WikiFX | Industry 2021/1/18 0:44:16
-
GBP/USD Daily Forecast – British Pound Gains Ground Against U.S. Dollar
WikiFX | Industry 2021/1/18 22:49:26
-
EUR/USD Price Forecast – Euro Bounces From 50 Day EMA.
WikiFX | Industry 2021/1/19 6:34:30
-
Gold Retreats to $1,800 on Dollar's Rally
WikiFX | News 2021/1/18 7:01:36
-
Three Indications to Spot Forex Scams
WikiFX | News 2021/1/20 8:01:46
-
How Forex Market Puts Traders into Profits?
WikiFX | News 2021/1/19 6:47:09
-
EUR's Weakness Added as Netherlands and Italy Plunged into Crisis
WikiFX | News 2021/1/19 10:35:04
-
What is a Forex Spread in Trading (Part 6 : Ending)
WikiFX | News 2021/1/19 7:46:17
-
Watch out ! PlatformsFx Robbed Me of US $76,878
WikiFX | Exposure 2021/1/20 2:35:15
-
What is a Forex Spread in Trading (Part 5)
WikiFX | News 2021/1/18 6:54:56
United Arab Emirates Dirham
- 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
- United Arab Emirates Dirham
- Available
- -- United States Dollar