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Philippines Retail Bond Auction Draws Billions as Rates Rise

Key Points

The Philippines raised 84.9 billion pesos ($1.36 billion) in a retail Treasury bond auction, securing fresh funds for government spending while opting for a shorter tenor as interest rates remain high.

The Philippines raised 84.9 billion pesos ($1.36 billion) in a retail Treasury bond auction, securing fresh funds for government spending while opting for a shorter tenor as interest rates remain high.
Philippines Retail Bond Auction (ORG) Philippines (LOCATION) Treasury (ORG)
Originally published by Bloomberg Markets Read original →