$1.5-B 25-year PHL global bonds fully sold

VG CABUAG
Business Mirror

THE government has fully sold $1.5 billion worth of 25-year global bonds on Thursday morning; tenders, in fact, reached more than eight times the Philippines’s offer.

The global bonds, maturing on 2037, fetched a rate of 5 percent, or an equivalent of 196.2 basis points over benchmark US Treasuries.

With the bond sale, the government has already raised two-thirds of its 2012 foreign-debt requirement of $2.25 billion.

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